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. 70.41% 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 10/05/2021

Fundamental analysis

10 May, 2021

The USD/TRY increased during the Asian session to trade at 8.2464. The pair traded lower on Friday. Turkey reported its Treasury Cash Balance for April was -13.290 billion Turkish Lira. The United States posted disappointing job data for April. Only 266,000 new jobs were created instead of the 978,000 that analysts had predicted. The U.S. Unemployment Rate for April climbed to 6.1%. The consensus forecast was a drop to 5.8%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 10/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 10/05/2021

Support & Resistance Level Explanation
Resistance 2 8.30401 Daily R2
Resistance 1 8.28013 Daily R1
Support 1 8.21647 Daily S1
Support 2 8.19259 Daily S2

USDTRY Indicator Table - 10/05/2021

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

USDTRY Indicator / Period Table - 10/05/2021

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

USDTRY 10/05/2021 - Reference Price : 8.24830

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