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 06/05/2021

Fundamental analysis

06 May, 2021

The USD/TRY increased during the Asian session to trade at 8.3323. The pair rose on Wednesday but finished the European trading day well below its high of the day. Turkey’s End of the Year CPI Forecast rose to 13.81% for May. In the United States, the ISM Services PMI for April printed at 62.7. The consensus forecast was 64.3. The ADP Nonfarm Employment Change for April was 742,000, below the 800,000 new jobs analysts had predicted.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 06/05/2021

Support & Resistance Level Explanation
Resistance 2 8.38293 Daily R2
Resistance 1 8.35446 Daily R1
Support 1 8.27854 Daily S1
Support 2 8.25007 Daily S2

USDTRY Indicator Table - 06/05/2021

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

USDTRY Indicator / Period Table - 06/05/2021

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

USDTRY 06/05/2021 - Reference Price : 8.31650

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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