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. 70.41% 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 13/01/2023

Fundamental analysis

13 January, 2023

USD/TRY inched upwards at European lunchtime, trading at 18.7877. Turkey's annual inflation is expected to fall sharply to 66.8% in December due to a favourable base effect but drop only to 43.2% by the end of 2023, a Reuters poll showed last week. On Tuesday the Turkish unemployment rate came in at 10.2%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 13/01/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 13/01/2023

Support & Resistance Level Explanation
Resistance 2 18.8807 Daily R2
Resistance 1 18.8413 Daily R1
Support 1 18.7363 Daily S1
Support 2 18.6969 Daily S2

USDTRY Indicator Table - 13/01/2023

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

USDTRY Indicator / Period Table - 13/01/2023

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

USDTRY 13/01/2023 - Reference Price : 18.7881

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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