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 02/12/2024

Fundamental analysis

02 December, 2024

The US Dollar climbed up against the Turkish Lira during the European session, trading above 34.700 levels.
The currency pair hit another all time high ahead of worse than expected manufacturing data from Turkey. In Turkey, Manufacturing PMI data for November was released (48.3 in November vs 45.8 in October). In the United States, Manufacturing PMI for November (48.8 exp) will be released (15:00 GMT) and ISM Manufacturing PMI for November (47.5 exp) will be posted (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/12/2024

Support & Resistance Level Explanation
Resistance 2 34.7898 Daily R2
Resistance 1 34.7556 Daily R1
Support 1 34.6644 Daily S1
Support 2 34.6302 Daily S2

USDTRY Indicator Table - 02/12/2024

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

USDTRY Indicator / Period Table - 02/12/2024

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

USDTRY 02/12/2024 - Reference Price : 34.7093

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