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 05/04/2022

Fundamental analysis

05 April, 2022

The USD/TRY pair increased by Tuesday lunchtime. It is now trading at 14.7160. The Turkish lira fell after Turkey's annual consumer inflation leapt to a 20-year high of 61.14% in March, data showed yesterday, fuelled by rising energy and commodity prices following the Russia-Ukraine conflict which is compounding the impact of a lira crash late last year.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/04/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/04/2022

Support & Resistance Level Explanation
Resistance 2 14.78755 Daily R2
Resistance 1 14.75380 Daily R1
Support 1 14.66380 Daily S1
Support 2 14.63005 Daily S2

USDTRY Indicator Table - 05/04/2022

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

USDTRY Indicator / Period Table - 05/04/2022

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

USDTRY 05/04/2022 - Reference Price : 14.70880

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