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 29/12/2021

Fundamental analysis

29 December, 2021

The USD/TRY pair was sharply higher again on Wednesday. It is now trading at 12.3873. The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5% and eating further into the huge gains made the previous week, as worries persisted over soaring inflation and unorthodox monetary policy.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/12/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/12/2021

Support & Resistance Level Explanation
Resistance 2 13.13810 Daily R2
Resistance 1 12.79824 Daily R1
Support 1 11.89196 Daily S1
Support 2 11.55210 Daily S2

USDTRY Indicator Table - 29/12/2021

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

USDTRY Indicator / Period Table - 29/12/2021

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Sell NeutralBuy
RSI (14) Buy SellBuy
SMA 20 Buy SellBuy

USDTRY 29/12/2021 - Reference Price : 12.34510

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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