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 28/02/2022

Fundamental analysis

28 February, 2022

The USD/TRY pair decreased sharply by Monday lunchtime. It is now trading at 13.8051. The Turkish Lira jumped after Turkey's economy bounced back from the COVID-19 pandemic to grow 11% last year, its highest rate in a decade, but economists see a sharp slowdown this year as inflation surges following the lira's crash and with the Ukraine crisis set to hit tourism.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 28/02/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 28/02/2022

Support & Resistance Level Explanation
Resistance 2 14.05231 Daily R2
Resistance 1 13.94006 Daily R1
Support 1 13.64074 Daily S1
Support 2 13.52849 Daily S2

USDTRY Indicator Table - 28/02/2022

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

USDTRY Indicator / Period Table - 28/02/2022

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

USDTRY 28/02/2022 - Reference Price : 13.79040

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Turkish Lira Chart
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