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 13/06/2022

Fundamental analysis

13 June, 2022

By lunchtime trade, the pair again moved higher. The pair is currently trading at 17.2273. The Turkish lira fell despite Turkey's government moves to harness its banks and bond markets to cool soaring inflation and stabilise a sliding currency, doubling down on President Tayyip Erdogan's aversion to raising interest rates.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 13/06/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 13/06/2022

Support & Resistance Level Explanation
Resistance 2 17.4933 Daily R2
Resistance 1 17.3892 Daily R1
Support 1 17.1116 Daily S1
Support 2 17.0075 Daily S2

USDTRY Indicator Table - 13/06/2022

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 - 13/06/2022

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

USDTRY 13/06/2022 - Reference Price : 17.2486

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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