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. 70.41% 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 14/11/2024

Fundamental analysis

14 November, 2024

The US Dollar appreciated against the Turkish Lira during the European session, above 34.300 levels.
The currency pair traded sharply higher in the European session and is rising again towards the all time high recorded on November 6th. In Turkey, Net FX reserves (61.16% exp) will be released (11:30 GMT). In the United States, Month on Month PPI Inflation data for October (0.2% expected) will be released (13:30 GMT), US Initial Jobless Claims data (224k expected) will be posted (13:30 GMT) and Fed Chair Powell will speak (20:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/11/2024

Support & Resistance Level Explanation
Resistance 2 34.4527 Daily R2
Resistance 1 34.4122 Daily R1
Support 1 34.3044 Daily S1
Support 2 34.2639 Daily S2

USDTRY Indicator Table - 14/11/2024

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

USDTRY Indicator / Period Table - 14/11/2024

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

USDTRY 14/11/2024 - Reference Price : 34.3581

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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