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 03/02/2022

Fundamental analysis

03 February, 2022

The USD/TRY pair increased firmly by Thursday lunchtime. It is now trading at 13.5839 Turkey's lira fell sharply after Turkey's annual inflation soared to a 20-year high of 48.69% in January, data showed on Thursday, fuelled by President Erdogan's push for unorthodox interest rate cuts and a resulting crash in the currency late last year.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 03/02/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 03/02/2022

Support & Resistance Level Explanation
Resistance 2 13.69479 Daily R2
Resistance 1 13.63634 Daily R1
Support 1 13.48046 Daily S1
Support 2 13.42201 Daily S2

USDTRY Indicator Table - 03/02/2022

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

USDTRY Indicator / Period Table - 03/02/2022

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

USDTRY 03/02/2022 - Reference Price : 13.55840

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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