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 27/05/2022

Fundamental analysis

27 May, 2022

During most of European trade, the Turkish lira weakened further against the dollar. Yesterday, the Central Bank of Turkey kept the reference (weekly) interest rate at the current level (14%). Extremely high inflation in Turkey, with inadequate interest rates and Turkey's commitment to allow Finland and Sweden to join NATO, is putting pressure on the Turkish lira. At around 13:15, the dollar was exchanged for 16,393 Turkish lira, which is a weakening of the Turkish lira by 0.21% since the beginning of trading tonight.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 27/05/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 27/05/2022

Support & Resistance Level Explanation
Resistance 2 16.55350 Daily R2
Resistance 1 16.47970 Daily R1
Support 1 16.28290 Daily S1
Support 2 16.20910 Daily S2

USDTRY Indicator Table - 27/05/2022

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 - 27/05/2022

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

USDTRY 27/05/2022 - Reference Price : 16.38130

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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