CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 07/04/2021

Fundamental analysis

07 April, 2021

The USD/TRY increased during the Asian session to trade at 8.1574. The pair finished Tuesday slightly higher. Turkey did not post any economic data. The United States released its JOLTS Job Openings report for February which showed almost 7.4 million job openings. Analysts had expected only 7 million.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/04/2021

Support & Resistance Level Explanation
Resistance 2 8.27237 Daily R2
Resistance 1 8.22473 Daily R1
Support 1 8.09767 Daily S1
Support 2 8.05003 Daily S2

USDTRY Indicator Table - 07/04/2021

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

USDTRY Indicator / Period Table - 07/04/2021

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

USDTRY 07/04/2021 - Reference Price : 8.16120

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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