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 21/10/2024

Fundamental analysis

21 October, 2024

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

In European trading the volatile currency pair was lower after the Turkish Central Bank’s interest rate decision last week which left rates unchanged. In Turkey Central Government debt stock for Septembember data will be released. In the United States, Fed Members Daly and Kashkari will speak (18:00 and 23:40 respectively).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 21/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 21/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3477 Daily R2
Resistance 1 34.2991 Daily R1
Support 1 34.1695 Daily S1
Support 2 34.1209 Daily S2

USDTRY Indicator Table - 21/10/2024

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

USDTRY Indicator / Period Table - 21/10/2024

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

USDTRY 21/10/2024 - Reference Price : 34.2323

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