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.

Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 12/04/2021

Fundamental analysis

12 April, 2021

The USD/TRY moved higher during the Asian session to trade at 8.1794. The pair rose modestly on Friday. Turkey’s End of Year CPI Forecast for April printed at 13.12%. PPI numbers in the United States were higher than expected. PPI for March printed at 1.0%, Month-over-Month. Analysts had only predicted an increase of 0.5%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/04/2021

Support & Resistance Level Explanation
Resistance 2 8.24441 Daily R2
Resistance 1 8.21818 Daily R1
Support 1 8.14822 Daily S1
Support 2 8.12199 Daily S2

USDTRY Indicator Table - 12/04/2021

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

USDTRY Indicator / Period Table - 12/04/2021

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

USDTRY 12/04/2021 - Reference Price : 8.18320

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