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 05/02/2021

Fundamental analysis

05 February, 2021

The USD/TRY moved slightly higher to trade at 7.1424. The pair fell slightly on Thursday in unusually calm trading for the Turkish Lira. Turkey did not release any economic news on Thursday. In the United States, there were 779,000 new jobless claims filed for the past week. The consensus forecast was for 830,000 claims. Factory Orders for December beat expectations rising 1.1% versus the 0.7 % that had been expected.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/02/2021

Support & Resistance Level Explanation
Resistance 2 7.19456 Daily R2
Resistance 1 7.16826 Daily R1
Support 1 7.09814 Daily S1
Support 2 7.07184 Daily S2

USDTRY Indicator Table - 05/02/2021

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

USDTRY Indicator / Period Table - 05/02/2021

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

USDTRY 05/02/2021 - Reference Price : 7.13320

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