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 20/12/2021

Fundamental analysis

20 December, 2021

The USD/TRY pair jumped sharply higher again on Monday. It is now trading at 17.4406. Turkey's lira sputtered to another record low on Monday despite $6 billion in central bank interventions this month, after President Tayyip Erdogan doubled down on his unorthodox low-rates policy by referring to Islamic usury doctrine.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 20/12/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 20/12/2021

Support & Resistance Level Explanation
Resistance 2 18.17588 Daily R2
Resistance 1 17.90212 Daily R1
Support 1 17.17208 Daily S1
Support 2 16.89832 Daily S2

USDTRY Indicator Table - 20/12/2021

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 - 20/12/2021

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

USDTRY 20/12/2021 - Reference Price : 17.53710

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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