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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

The USD/TRY pair inched higher this morning at 7.4890 even as the dollar moved slightly lower against a basket of other currencies. The pair moved sideways in choppy trading on Tuesday. Turkey’s Budget Balance for August was reported to be 28.22 billion lira. In geo-politics the US and Greece held a live fire tank competition in Greece, near the Turkish border.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 7.51334 Daily R2
Resistance 1 7.50119 Daily R1
Support 1 7.46881 Daily S1
Support 2 7.45666 Daily S2

USDTRY Indicator Table - 16/09/2020

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

USDTRY Indicator / Period Table - 16/09/2020

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

USDTRY 16/09/2020 - Reference Price : 7.48500

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