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 25/03/2021

Fundamental analysis

25 March, 2021

The USD/TRY appreciated during the Asian session to trade at 7.9384. The pair traded sideways in a very calm fashion on Wednesday. Turkey did not release any economic data. Durable Goods Orders in the United States missed their forecasts. The Core Durable Goods Orders for February dropped 0.9%, much worse than the 0.6% increase that analysts had expected. Its Manufacturing PMI for March printed at 59.0. The consensus forecast was 59.3.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 25/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 25/03/2021

Support & Resistance Level Explanation
Resistance 2 8.12060 Daily R2
Resistance 1 8.03686 Daily R1
Support 1 7.81354 Daily S1
Support 2 7.72980 Daily S2

USDTRY Indicator Table - 25/03/2021

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

USDTRY Indicator / Period Table - 25/03/2021

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

USDTRY 25/03/2021 - Reference Price : 7.92520

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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