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. 70.41% 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 12/05/2022

Fundamental analysis

12 May, 2022

At European lunchtime, the pair increased as the Lira remained under pressure against the dollar. This afternoon the dollar was exchanged for 15,3960. The Turkish lira eased a further 0.85% against the dollar, weakening for a sixth session and bringing the currency back towards the lows it hit in late December after a series of unorthodox interest rate cuts.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/05/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/05/2022

Support & Resistance Level Explanation
Resistance 2 15.50115 Daily R2
Resistance 1 15.45009 Daily R1
Support 1 15.31391 Daily S1
Support 2 15.26285 Daily S2

USDTRY Indicator Table - 12/05/2022

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 - 12/05/2022

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

USDTRY 12/05/2022 - Reference Price : 15.38200

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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