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 12/03/2021

Fundamental analysis

12 March, 2021

The USD/TRY increased firmly during the Asian session to trade at 7.5073. The pair finished roughly unchanged after some choppy trading on Thursday. Turkey’s Current Account for January was -$1.87 billion. The consensus forecast was -$1.62 billion. Turkey’s IPSOS PCSI for March printed at 35.5. Initial Jobless Claims in the United States for the past week came in at 712,000. Analysts had been expecting 725,000.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/03/2021

Support & Resistance Level Explanation
Resistance 2 7.68155 Daily R2
Resistance 1 7.63014 Daily R1
Support 1 7.49306 Daily S1
Support 2 7.44165 Daily S2

USDTRY Indicator Table - 12/03/2021

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

USDTRY Indicator / Period Table - 12/03/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Neutral BuyBuy

USDTRY 12/03/2021 - Reference Price : 7.56160

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