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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 12/06/2019

Fundamental analysis

12 June, 2019

The USD/TRY currency pair traded higher on Wednesday during the Asian session at 5.8058 as the Greenback traded stable to slightly higher against a basket of other currencies. Today investors will be looking to the Turkish Central Bank which will decide upon its interest rates later this morning. Turkey’s central bank is expected to leave its key interest rate unchanged at 24% this week, though a Reuters poll suggested its first policy change since September was getting closer, with two of 16 economists predicting a cut. The central bank hiked its policy rate by 11.25 percentage points to 24% last year to battle a currency crisis and stem an inflation spike, and has left it there since September.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/06/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/06/2019

Support & Resistance Level Explanation
Resistance 2 5.8653 Daily R2
Resistance 1 5.8379 Daily R1
Support 1 5.7843 Daily S1
Support 2 5.7546 Daily S2

USDTRY Indicator Table - 12/06/2019

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

USDTRY Indicator / Period Table - 12/06/2019

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

USDTRY 12/06/2019 - Reference Price : 5.8127

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