CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 15/12/2021

Fundamental analysis

15 December, 2021

The USD/TRY pair jumped higher again on Wednesday. It is now trading at 14.6788. The Lira has fallen to another record low today as theTurkish central bank is widely expected to cut interest rates again on Thursday, extending President Tayyip Erdogan's unorthodox monetary policy, despite inflation breaching 20% last month.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 15/12/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 15/12/2021

Support & Resistance Level Explanation
Resistance 2 15.00363 Daily R2
Resistance 1 14.86205 Daily R1
Support 1 14.48449 Daily S1
Support 2 14.34291 Daily S2

USDTRY Indicator Table - 15/12/2021

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USDTRY Indicator / Period Table - 15/12/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

USDTRY 15/12/2021 - Reference Price : 14.67327

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Turkish Lira Chart
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