Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 09/11/2018

Fundamental analysis

09 November, 2018

The USD/TRY traded higher on Friday during the Asian session at 5.4754 with the dollar boosted yesterday and this morning by somewhat hawkish noises coming from the Fed yesterday on the back of a robust U.S. economy, rising inflation and solid jobs growth, although rates remained unchanged this month as expected. The Turkish lira fell for the third straight session, with some analysts attributing the weakness to Turkey’s large refinancing needs. When U.S. rates go up, the cost of refinancing loans in dollars will increase and that hurts the lira.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 09/11/2018
Time Frame: 1 hour

USDTRY Support & Resistance Table - 09/11/2018

Support & Resistance Level Explanation
Resistance 2 5.5200 Daily R2
Resistance 1 5.4950 Daily R1
Support 1 5.4350 Daily S1
Support 2 5.4058 Daily S2

USDTRY Indicator Table - 09/11/2018

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

USDTRY Indicator / Period Table - 09/11/2018

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

USDTRY 09/11/2018 - Reference Price : 5.4650

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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