CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 24/05/2022

Fundamental analysis

24 May, 2022

At European lunchtime, the pair climbed to 16.1138 even as the dollar edged lower against a basket of other currencies. Turkey's lira slid to beyond 16 against the dollar on Tuesday, bringing its losses this year to 18% as investors increasingly questioned the sustainability of economic policies amid the currency slide and surging inflation.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/05/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/05/2022

Support & Resistance Level Explanation
Resistance 2 16.27896 Daily R2
Resistance 1 16.21028 Daily R1
Support 1 16.02712 Daily S1
Support 2 15.95844 Daily S2

USDTRY Indicator Table - 24/05/2022

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 - 24/05/2022

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

USDTRY 24/05/2022 - Reference Price : 16.11870

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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