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 08/11/2024

Fundamental analysis

08 November, 2024

The US Dollar increased against the Turkish Lira during the European session, above 34.300 levels.

The currency pair continued to bounce higher in the European session after, recording a one week low early in the Asian session. In Turkey, the Central Bank of Turkey published an inflation report at 07:30 GMT. In the United States, Michigan 1 Year Inflation expectations data (2.7% exp) will be revealed (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/11/2024

Support & Resistance Level Explanation
Resistance 2 34.4548 Daily R2
Resistance 1 34.4128 Daily R1
Support 1 1.34006 Daily S1
Support 2 34.2586 Daily S2

USDTRY Indicator Table - 08/11/2024

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

USDTRY Indicator / Period Table - 08/11/2024

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

USDTRY 08/11/2024 - Reference Price : 34.3505

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