CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 03/08/2022

Fundamental analysis

03 August, 2022

USD/TRY edged upwards to 17.9505 during lunchtime trade. The Turkish lira moved lower on Wednesday. Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira's continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 03/08/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 03/08/2022

Support & Resistance Level Explanation
Resistance 2 17.97927 Daily R2
Resistance 1 17.93758 Daily R1
Support 1 17.82642 Daily S1
Support 2 17.78473 Daily S2

USDTRY Indicator Table - 03/08/2022

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 - 03/08/2022

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

USDTRY 03/08/2022 - Reference Price : 17.88200

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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