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 24/12/2024

Fundamental analysis

24 December, 2024

The US Dollar rose against the Turkish Lira during the European session, trading above 35.210 levels.

The currency pair hit another all time high in this morning's session as high inflation and an underperforming economy exerts downward pressures on the lira. In Turkey, there are no data releases today. In the US, New Home Sales for November (666k exp) will be released (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/12/2024

Support & Resistance Level Explanation
Resistance 2 35.3988 Daily R2
Resistance 1 35.3354 Daily R1
Support 1 35.1664 Daily S1
Support 2 35.1030 Daily S2

USDTRY Indicator Table - 24/12/2024

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 - 24/12/2024

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

USDTRY 24/12/2024 - Reference Price : 35.2497

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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