Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

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.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/01/2019
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 - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Buy BuyBuy
SMA 20 Buy SellSell

USDTRY 11/01/2019 - Reference Price : 5.4360

Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Turkish Lira Chart
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