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. 70.41% 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 05/01/2022

Fundamental analysis

05 January, 2022

The USD/TRY pair increased again on Wednesday. It is now trading at 13.4642. The lira slide and a series of administered price rises - including for utilities and wages - are forecast by economists to push inflation higher this year after data on Monday showed the annual rate reached 36.1% in December.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/01/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/01/2022

Support & Resistance Level Explanation
Resistance 2 13.99474 Daily R2
Resistance 1 13.74847 Daily R1
Support 1 13.09173 Daily S1
Support 2 12.84546 Daily S2

USDTRY Indicator Table - 05/01/2022

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

USDTRY Indicator / Period Table - 05/01/2022

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

USDTRY 05/01/2022 - Reference Price : 13.42010

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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