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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 14/02/2020

Fundamental analysis

14 February, 2020

The USD/TRY continued to climb as the Greenback continued its uptrend against a basket of other currencies. The Turkish lira fell slightly despite earlier data showing industrial production climbed in December, exceeding forecasts in the fourth consecutive rise as the economy gathers pace after recovering from recession. Turkey’s currency has come under pressure from fears of escalation in Syria’s conflict. Analysts have warned that a full-scale military confrontation between Turkey and Syrian government forces, which are supported by Russia, would substantially increase the pressure on the lira.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/02/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/02/2020

Support & Resistance Level Explanation
Resistance 2 6.0790 Daily R2
Resistance 1 6.0650 Daily R1
Support 1 6.0340 Daily S1
Support 2 6.0200 Daily S2

USDTRY Indicator Table - 14/02/2020

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

USDTRY Indicator / Period Table - 14/02/2020

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

USDTRY 14/02/2020 - Reference Price : 6.0503

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