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 19/04/2021

Fundamental analysis

19 April, 2021

The USD/TRY increased during the Asian session to trade at 8.0889. The pair rose on Friday in a choppy fashion. Turkey did not post any economic data. Building Permits in the United States rose 2.7% in March, with a total of 1.766 million permits. Michigan Consumer Sentiment for April printed at 86.5. The consensus forecast was 89.6.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 19/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 19/04/2021

Support & Resistance Level Explanation
Resistance 2 8.15608 Daily R2
Resistance 1 8.12562 Daily R1
Support 1 8.04438 Daily S1
Support 2 8.01392 Daily S2

USDTRY Indicator Table - 19/04/2021

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

USDTRY Indicator / Period Table - 19/04/2021

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

USDTRY 19/04/2021 - Reference Price : 8.08500

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