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 29/01/2025

Fundamental analysis

29 January, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 35.7600 levels.

The USD/TRY held its long term upward course and reached a new all time high as the country is gripped by chronic inflation and monetary instability. In Turkey, no new data will be published today. In the US, the Fed Interest Rate Decision (unchanged: 4.50% exp) and Press Conference will take place (19:00 and 19:30 GMT respectively).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/01/2025

Support & Resistance Level Explanation
Resistance 2 35.8409 Daily R2
Resistance 1 35.8135 Daily R1
Support 1 35.7405 Daily S1
Support 2 35.7131 Daily S2

USDTRY Indicator Table - 29/01/2025

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 - 29/01/2025

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

USDTRY 29/01/2025 - Reference Price : 35.7768

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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