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 22/05/2023

Fundamental analysis

22 May, 2023

During European trading, the US dollar is stronger against the Turkish lira. Next week will be the second round of presidential elections in Turkey, which may reflect on the exchange rate of the currency pair. Otherwise, due to the increased volatility at the exchange rate of this currency pair, the opening of new positions is not possible. During trading so far, the US dollar is exchanged for 19.8330 Turkish lira.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 22/05/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 22/05/2023

Support & Resistance Level Explanation
Resistance 2 19.9103 Daily R2
Resistance 1 19.8731 Daily R1
Support 1 19.7739 Daily S1
Support 2 19.7367 Daily S2

USDTRY Indicator Table - 22/05/2023

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 - 22/05/2023

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

USDTRY 22/05/2023 - Reference Price : 19.8233

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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