CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 06/10/2022

Fundamental analysis

06 October, 2022

USD/TRY is broadly unchanged at European lunchtime, trading at 18.5804. Turkish annual inflation climbed to a new 24-year high of 83.45% in September, below forecast according to official data showed on Monday, after the central bank surprised markets by cutting rates twice in the last two months. It was the highest annual figure since July 1998, when it stood at 85.3% and Turkey was battling to end a decade of chronically high inflation.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/10/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 06/10/2022

Support & Resistance Level Explanation
Resistance 2 18.67609 Daily R2
Resistance 1 18.63508 Daily R1
Support 1 18.52572 Daily S1
Support 2 18.48471 Daily S2

USDTRY Indicator Table - 06/10/2022

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 - 06/10/2022

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

USDTRY 06/10/2022 - Reference Price : 18.58040

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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