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 04/10/2024

Fundamental analysis

04 October, 2024

The US Dollar advanced against the Turkish Lira during the European session, above 34.100 levels.

In European trading the pair pushed higher and hit another one week peak following the publication of higher than expected inflation figures. In Turkey no major data releases will be posted today. In the United States, Nonfarm Payrolls data (148k expected) and Unemployment Rate (4.2% exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 04/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 04/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3538 Daily R2
Resistance 1 34.3104 Daily R1
Support 1 34.1948 Daily S1
Support 2 34.1514 Daily S2

USDTRY Indicator Table - 04/10/2024

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 - 04/10/2024

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

USDTRY 04/10/2024 - Reference Price : 34.2528

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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