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 11/02/2021

Fundamental analysis

11 February, 2021

The USD/TRY edged higher during the Asian session on Thursday to trade at 7.0565. The pair drifted lower on Wednesday in calm trading for the Turkish Lira. Turkey reported urts Quarterly 3-month Jobless Average for November was 12.9%, slightly higher than the previous report of 12.7%. CPI numbers in the United States were slightly weaker than expected. Core CPI came in at 0.0% Month-over-Month, and 1.4%, Year-over-Year. Analysts had been expecting 0.2% and 1.5% respectively.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 11/02/2021

Support & Resistance Level Explanation
Resistance 2 7.11230 Daily R2
Resistance 1 7.08980 Daily R1
Support 1 7.02980 Daily S1
Support 2 7.00730 Daily S2

USDTRY Indicator Table - 11/02/2021

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

USDTRY Indicator / Period Table - 11/02/2021

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

USDTRY 11/02/2021 - Reference Price : 7.05980

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