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 08/02/2022

Fundamental analysis

08 February, 2022

The USD/TRY pair increased by Tuesday lunchtime. It is now trading at 13.6416 as the dollar firmed against a basket of currencies. Turkey's lira traded was stable after most emerging market currencies rose yesterday, was stable despite continued risks of further interest rate cuts in Turkey at a time its annual inflation stands at a near two-decade high.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/02/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/02/2022

Support & Resistance Level Explanation
Resistance 2 13.71091 Daily R2
Resistance 1 13.66762 Daily R1
Support 1 13.55218 Daily S1
Support 2 13.50889 Daily S2

USDTRY Indicator Table - 08/02/2022

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 - 08/02/2022

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

USDTRY 08/02/2022 - Reference Price : 13.60990

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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