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 09/05/2022

Fundamental analysis

09 May, 2022

At European lunchtime, the pair increased as the Lira remained under pressure against the dollar. This afternoon the dollar was exchanged for 14,9923. Late last week 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 09/05/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 09/05/2022

Support & Resistance Level Explanation
Resistance 2 15.06634 Daily R2
Resistance 1 15.03122 Daily R1
Support 1 14.93758 Daily S1
Support 2 14.90246 Daily S2

USDTRY Indicator Table - 09/05/2022

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 - 09/05/2022

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

USDTRY 09/05/2022 - Reference Price : 14.98440

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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