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 10/12/2024

Fundamental analysis

10 December, 2024

The US Dollar rose against the Turkish Lira during the European session, trading just above 34.810 levels.

The volatile lira continued its downward trend following a new all time high in this morning’s session. In Turkey Unemployment Rate figures for October were released showing worse data than the month before (8.8% vs 8.7% for the previous month). In the US, Q3 Nonfarm Productivity (2.2% exp) and Unit Labor Costs (1.9% exp) data will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 10/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 10/12/2024

Support & Resistance Level Explanation
Resistance 2 34.8949 Daily R2
Resistance 1 34.8736 Daily R1
Support 1 34.8166 Daily S1
Support 2 34.7953 Daily S2

USDTRY Indicator Table - 10/12/2024

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

USDTRY Indicator / Period Table - 10/12/2024

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

USDTRY 10/12/2024 - Reference Price : 34.8454

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