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 30/01/2025

Fundamental analysis

30 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, CBRT Monetary Policy Meeting Minutes will be published (11:00 GMT). In the US, GDP figures (2.70% exp) and Initial Jobless Claims (224k exp) will be posted (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 30/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 30/01/2025

Support & Resistance Level Explanation
Resistance 2 35.8422 Daily R2
Resistance 1 35.8155 Daily R1
Support 1 35.7443 Daily S1
Support 2 35.7176 Daily S2

USDTRY Indicator Table - 30/01/2025

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 - 30/01/2025

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

USDTRY 30/01/2025 - Reference Price : 35.7793

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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