CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 07/01/2021

Fundamental analysis

07 January, 2021

The USD/TRY fell 0.50% in Europe to trade below the mark of 7.3000. The Turkish Lira was one of the few currencies to make significant gains against the Greenback on Wednesday. Turkey did not post any economic data. In the United States the ADP Nonfarm Employment Change for December fell by 123,000 jobs. The consensus forecast was an increase of 88,000. The Markit Composite PMI for December printed at 55.3, just under its forecast. The Services PMI for December came in at 54.8. Analysts were expecting 55.3.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/01/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/01/2021

Support & Resistance Level Explanation
Resistance 2 7.34269 Daily R2
Resistance 1 7.31098 Daily R1
Support 1 7.22642 Daily S1
Support 2 7.19471 Daily S2

USDTRY Indicator Table - 07/01/2021

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

USDTRY Indicator / Period Table - 07/01/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellSell
SMA 20 Sell SellSell

USDTRY 07/01/2021 - Reference Price : 7.26870

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