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 19/03/2025

Fundamental analysis

19 March, 2025

The US Dollar rose against the Turkish Lira during the European session, trading above 38.280 levels.

The USD/TRY volatile currency pair spiked in the European session, as the mayor of Istanbul was arrested increasing insecurity prompting the Central Bank of Turkey to sell a record amount of FX reserves in order to stabilise the currency. In Turkey, there are no data releases scheduled today. In the US, the Fed interest rate decision (4.5% exp, unchanged) will be released (18:00 GMT) followed by the press conference (18:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 19/03/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 19/03/2025

Support & Resistance Level Explanation
Resistance 2 38.3779 Daily R2
Resistance 1 36.3386 Daily R1
Support 1 38.2340 Daily S1
Support 2 38.1947 Daily S2

USDTRY Indicator Table - 19/03/2025

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 - 19/03/2025

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

USDTRY 19/03/2025 - Reference Price : 38.2863

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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