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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 08/04/2021

Fundamental analysis

08 April, 2021

The USD/TRY increased during the Asian session to trade at 8.1701. The pair traded sideways on Wednesday in a tight range. Turkey did not post any significant economic data on Wednesday. The United States released trade data figures for February. It came in at -$71.10 billion, slightly worse than the consensus forecast of -$70.50 billion.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/04/2021

Support & Resistance Level Explanation
Resistance 2 8.26246 Daily R2
Resistance 1 8.22048 Daily R1
Support 1 8.10852 Daily S1
Support 2 8.06654 Daily S2

USDTRY Indicator Table - 08/04/2021

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

USDTRY Indicator / Period Table - 08/04/2021

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

USDTRY 08/04/2021 - Reference Price : 8.16450

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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