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 16/06/2022

Fundamental analysis

16 June, 2022

By lunchtime trade, the pair again moved higher. The pair is currently trading at 17.3132. The Turkish lira continued to fall as Yields on Turkish benchmark 10-year lira bonds slid after the central bank said banks would be required to hold securities carrying at least a five-year maturity in order to offer foreign currency deposits to their customers.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/06/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/06/2022

Support & Resistance Level Explanation
Resistance 2 17.5033 Daily R2
Resistance 1 17.4211 Daily R1
Support 1 17.2021 Daily S1
Support 2 17.1199 Daily S2

USDTRY Indicator Table - 16/06/2022

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 - 16/06/2022

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

USDTRY 16/06/2022 - Reference Price : 17.3160

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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