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 09/03/2022

Fundamental analysis

09 March, 2022

The USD/TRY pair increased firmly by Tuesday lunchtime. It is now trading at 14.4926. The Turkish lira continues to fall as worries over the economy increase due to higher oil prices with reports suggesting that as the economy fades Turkey has now one of the largest exporters of counterfeit goods to the EU.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 09/03/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 09/03/2022

Support & Resistance Level Explanation
Resistance 2 14.80727 Daily R2
Resistance 1 14.74180 Daily R1
Support 1 14.56720 Daily S1
Support 2 14.50173 Daily S2

USDTRY Indicator Table - 09/03/2022

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 - 09/03/2022

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

USDTRY 09/03/2022 - Reference Price : 14.65450

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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