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 23/05/2025

Fundamental analysis

23 May, 2025

The US Dollar rose against the Turkish Lira during the European session, trading above 39.000 levels.
The USD/TRY currency pair rose in the European session as chronic inflation and monetary instability still grip the country, creating negative pressures on the Turkish lira. In Turkey Net FX reserves (37.59% last week) will be posted (12:30 GMT+1). In the US, New Homes Sales data for April (694k exp) will be posted (15:00 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/05/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/05/2025

Support & Resistance Level Explanation
Resistance 2 39.1553 Daily R2
Resistance 1 39.0992 Daily R1
Support 1 38.9496 Daily S1
Support 2 38.8935 Daily S2

USDTRY Indicator Table - 23/05/2025

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

USDTRY Indicator / Period Table - 23/05/2025

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

USDTRY 23/05/2025 - Reference Price : 39.0238

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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US Dollar - Turkish Lira Chart
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