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 10/02/2022

Fundamental analysis

10 February, 2022

The USD/TRY pair edged higher by Thursday lunchtime. It is now trading at 13.5447 even as the dollar eased lower against a basket of currencies. Turkey's lira fell firmly after Finance Minister Nureddin Nebati pitched Turkey's unorthodox economic policy to investors in London this week, pledging to keep the exchange rate stable, bring inflation down to single digits and keep dollarization at bay.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 10/02/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 10/02/2022

Support & Resistance Level Explanation
Resistance 2 13.5968 Daily R2
Resistance 1 13.5609 Daily R1
Support 1 13.4615 Daily S1
Support 2 13.4292 Daily S2

USDTRY Indicator Table - 10/02/2022

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

USDTRY Indicator / Period Table - 10/02/2022

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

USDTRY 10/02/2022 - Reference Price : 13.5177

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (0)Sell (1)
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US Dollar - Turkish Lira Chart
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