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 11/05/2021

Fundamental analysis

11 May, 2021

The USD/TRY increased during the Asian session to trade at 8.2797. The pair zig-zagged slightly higher on Monday. Turkey’ economic calendar was empty. The U.S. Conference Board Employment Trends printed at 105.40, an improvement over March’s print of 102.70.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 11/05/2021

Support & Resistance Level Explanation
Resistance 2 8.34924 Daily R2
Resistance 1 8.32758 Daily R1
Support 1 8.26982 Daily S1
Support 2 8.24816 Daily S2

USDTRY Indicator Table - 11/05/2021

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

USDTRY Indicator / Period Table - 11/05/2021

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

USDTRY 11/05/2021 - Reference Price : 8.29870

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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