CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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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

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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