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. 70.41% 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 25/01/2021

Fundamental analysis

25 January, 2021

The USD/TRY traded upwards at 7.4160. The pair finished slightly higher on Friday after another wild day. Turkey did not post any economic data. PMI’s beat their estimates in the United States. The Services came in at 57.5 vs. 53.6 expected, and the Manufacturing was 59.1 vs. 56.5 expected. Existing Home Sales in the United States for December rose 0.7%. The consensus forecast was a decline of 2.0%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 25/01/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 25/01/2021

Support & Resistance Level Explanation
Resistance 2 7.42608 Daily R2
Resistance 1 7.40595 Daily R1
Support 1 7.35225 Daily S1
Support 2 7.33212 Daily S2

USDTRY Indicator Table - 25/01/2021

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 - 25/01/2021

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

USDTRY 25/01/2021 - Reference Price : 7.37910

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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