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 12/12/2022

Fundamental analysis

12 December, 2022

USD/TRY inched lower at European lunchtime, trading at 18.6458. The Turkish lira's sudden stability after a roller-coaster year, despite annual inflation near 85%, is hurting exporters' competitiveness and some risk losing markets, a top sector official told Reuters in midweek.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/12/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/12/2022

Support & Resistance Level Explanation
Resistance 2 18.6901 Daily R2
Resistance 1 18.6693 Daily R1
Support 1 18.6139 Daily S1
Support 2 18.5931 Daily S2

USDTRY Indicator Table - 12/12/2022

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

USDTRY Indicator / Period Table - 12/12/2022

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

USDTRY 12/12/2022 - Reference Price : 18.6414

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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US Dollar - Turkish Lira Chart
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