CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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. 84% 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.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 05/07/2022

Fundamental analysis

05 July, 2022

USD/TRY continued to move higher to 16.9764 during early lunchtime trade. The Turkish lira’s move lower continues to be linked to fears of higher inflation in Turkey, and came after it was reported that Turkey's exporters are experiencing serious problems in accessing financing due to new regulations by the central bank and the BDDK banking watchdog, the Istanbul Chamber of Industry (ISO) said on Tuesday.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/07/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/07/2022

Support & Resistance Level Explanation
Resistance 2 17.07646 Daily R2
Resistance 1 17.02856 Daily R1
Support 1 16.90084 Daily S1
Support 2 16.85294 Daily S2

USDTRY Indicator Table - 05/07/2022

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Sell
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USDTRY Indicator / Period Table - 05/07/2022

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

USDTRY 05/07/2022 - Reference Price : 16.96470

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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