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 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

Buy
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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