The USD/TRY traded higher on Friday during the Asian session at 5.4330, even though the Greenback was softer against a basket of other currencies following Fed Chairman Powell’s dovish comments yesterday and the publication of the last Fed meetings minutes which suggested that some Fed officials did not want to see a continued pace of rate hikes this year. The Turkish Lira continued trading lower, as it has for most of the week over investor worries regarding ties between Ankara and Washington and risk aversion in the market ahead of next week's Turkish Central Bank rate decision.
Dollar - Turkish Lira Analysis
EU Session Analysis for CFD Instruments 11/01/2019
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table - 11/01/2019
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5.4960 | Daily R2 |
| Resistance 1 | 5.4698 | Daily R1 |
| Support 1 | 5.3970 | Daily S1 |
| Support 2 | 5.3755 | Daily S2 |
USDTRY Indicator Table - 11/01/2019
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USDTRY Indicator / Period Table - 11/01/2019
| Indicator / Period | Day - Buy | Week - Sell | Month - Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Buy | Sell | Sell |
USDTRY 11/01/2019 - Reference Price : 5.4360
| Buy |
|
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