CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 08/05/2024

Fundamental analysis

08 May, 2024

The US Dollar was slightly higher against the Turkish Lira during the European session, trading above 32.200 levels.

Turkey has no market moving economic data to report today. No significant data is due for release in the United States.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/05/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/05/2024

Support & Resistance Level Explanation
Resistance 2 32.4765 Daily R2
Resistance 1 32.3847 Daily R1
Support 1 32.1399 Daily S1
Support 2 32.0481 Daily S2

USDTRY Indicator Table - 08/05/2024

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

USDTRY Indicator / Period Table - 08/05/2024

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

USDTRY 08/05/2024 - Reference Price : 32.2623

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