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 06/02/2025

Fundamental analysis

06 February, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 35.8900 levels.
The USD/TRY held its long term upward trend, as markets expect rate cuts from the Central Bank of Turkey in the future. In Turkey, no major data releases will be posted today. In the US, Initial Jobless Claims data (214K exp) will be posted today (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/02/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 06/02/2025

Support & Resistance Level Explanation
Resistance 2 35.9965 Daily R2
Resistance 1 35.9519 Daily R1
Support 1 35.8331 Daily S1
Support 2 35.7885 Daily S2

USDTRY Indicator Table - 06/02/2025

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

USDTRY Indicator / Period Table - 06/02/2025

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

USDTRY 06/02/2025 - Reference Price : 35.8944

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