CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 18/03/2021

Fundamental analysis

18 March, 2021

The USD/TRY moved lower during the Asian session to trade at 7.4882. The pair spiked sharply higher on Wednesday late in the European trading day. Turkey did not post any economic data. The United States posted Building Permits and Housing Starts for February. Both came in less than expected at 1.682 million and 1.421 million. Most currency pairs were quiet ahead of U.S. Fed Chairman Powell’s press conference that was scheduled for the European evening.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 18/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 18/03/2021

Support & Resistance Level Explanation
Resistance 2 7.55372 Daily R2
Resistance 1 7.51630 Daily R1
Support 1 7.41650 Daily S1
Support 2 7.37908 Daily S2

USDTRY Indicator Table - 18/03/2021

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

USDTRY Indicator / Period Table - 18/03/2021

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

USDTRY 18/03/2021 - Reference Price : 7.46640

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