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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

The USD/TRY edged higher during the Asian session to trade at 7.0190. The pair moved sharply higher on Monday. Turkey’s Capacity Utilization for February rose 74.9%. Its Manufacturing Confidence for February printed at 109.3. Turkey’s Foreign Arrivals for January were down 71.48%, Year-over-Year. In the United States, the Dallas Fed Manufacturing Business index for February came in at 17.2. The U.S. Leading Index for January was reported to be 0.5%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/02/2021

Support & Resistance Level Explanation
Resistance 2 7.0982 Daily R2
Resistance 1 7.0687 Daily R1
Support 1 6.9903 Daily S1
Support 2 6.9608 Daily S2

USDTRY Indicator Table - 23/02/2021

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

USDTRY Indicator / Period Table - 23/02/2021

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Neutral SellBuy
RSI (14) Buy SellBuy
SMA 20 Buy SellBuy

USDTRY 23/02/2021 - Reference Price : 7.0333

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