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 18/10/2024

Fundamental analysis

18 October, 2024

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

In European trading the pair pushed higher after yesterday’s Turkish Central Bank’s interest rate decision to leave rates unchanged. In Turkey there are no major data releases scheduled today. In the United States, Building Permits data for September (1.45 mln exp) will be posted (13:30) and Fed Members Bostic and Kashkari will speak (14:30 and 15:00 respectively).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 18/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 18/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3958 Daily R2
Resistance 1 34.3504 Daily R1
Support 1 34.2292 Daily S1
Support 2 34.1838 Daily S2

USDTRY Indicator Table - 18/10/2024

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

USDTRY Indicator / Period Table - 18/10/2024

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

USDTRY 18/10/2024 - Reference Price : 34.2899

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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