Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021 Research Department

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

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 - Buy	Week - Sell	Month - Buy
MACD( 12;26;9)	Neutral	Sell	Buy
RSI (14)	Buy	Sell	Buy
SMA 20	Buy	Sell	Buy

USDTRY 23/02/2021 - Reference Price : 7.0333

Buy

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (1)	Sell (1)

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