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 16/12/2022

Fundamental analysis

16 December, 2022

USD/TRY traded higher at European lunchtime, trading at 18.6513. Turkey's unemployment rate edged up to 10.2% in October, data showed on Monday, posing a potential challenge to President Tayyip Erdogan's re-election hopes next year, even as inflation is set to dip and the currency should remain largely stable.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/12/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/12/2022

Support & Resistance Level Explanation
Resistance 2 18.7267 Daily R2
Resistance 1 18.6905 Daily R1
Support 1 18.5938 Daily S1
Support 2 18.5575 Daily S2

USDTRY Indicator Table - 16/12/2022

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

USDTRY Indicator / Period Table - 16/12/2022

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

USDTRY 16/12/2022 - Reference Price : 18.6465

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