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 14/10/2024

Fundamental analysis

14 October, 2024

The US Dollar edged lower against the Turkish Lira during the European session, above 34.200 levels.

In European trading the pair pulled back slightly, but remained close to the six week high recorded last week. In Turkey no data is due to be posted today. In the United States, Fed member Waller will speak (20:00 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3715 Daily R2
Resistance 1 34.3259 Daily R1
Support 1 34.2043 Daily S1
Support 2 34.1587 Daily S2

USDTRY Indicator Table - 14/10/2024

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

USDTRY Indicator / Period Table - 14/10/2024

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

USDTRY 14/10/2024 - Reference Price : 34.2647

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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