CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 06/05/2022

Fundamental analysis

06 May, 2022

At European lunchtime, the pair increased as the Lira remained under pressure against the dollar. This afternoon the dollar was exchanged for 14,9382. Yesterday Turkey's annual inflation jumped to 69.97% in April, above forecast and at a two-decade high, fuelled by the Russia-Ukraine conflict and rising energy and commodity prices after last year's lira crash.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/05/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 06/05/2022

Support & Resistance Level Explanation
Resistance 2 15.00678 Daily R2
Resistance 1 14.97220 Daily R1
Support 1 14.88000 Daily S1
Support 2 14.84542 Daily S2

USDTRY Indicator Table - 06/05/2022

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

USDTRY Indicator / Period Table - 06/05/2022

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

USDTRY 06/05/2022 - Reference Price : 14.92610

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