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 31/10/2022

Fundamental analysis

31 October, 2022

USD/TRY edged higher at European lunchtime, trading at 18.6188. Late last week Turkey's central bank has lifted its inflation forecast for the end of 2022 to 65.2% from 60.4%, Governor Sahap Kavcioglu said on Thursday, marking the fourth rise this year, as he conceded that the bank had not been "very successful" in curbing price growth.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 31/10/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 31/10/2022

Support & Resistance Level Explanation
Resistance 2 18.70730 Daily R2
Resistance 1 18.66740 Daily R1
Support 1 18.56100 Daily S1
Support 2 18.52110 Daily S2

USDTRY Indicator Table - 31/10/2022

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 - 31/10/2022

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

USDTRY 31/10/2022 - Reference Price : 18.61420

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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