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 02/06/2021

Fundamental analysis

02 June, 2021

The USD/TRY traded firmly upwards during the Asian session to trade at 8.6049. The pair climbed higher on Tuesday. Turkey’s Manufacturing PMI for May printed at 49.30, worse than April’s figure of 50.40. In the United States, the ISM Manufacturing PMI for May beat its forecast, printing at 61.2. Analysts had expected only 60.9. U.S. Construction Spending for April rose 0.2%, Month-over-Month. The consensus forecast was 0.5%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/06/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/06/2021

Support & Resistance Level Explanation
Resistance 2 8.72049 Daily R2
Resistance 1 8.67674 Daily R1
Support 1 8.56006 Daily S1
Support 2 8.51631 Daily S2

USDTRY Indicator Table - 02/06/2021

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

USDTRY Indicator / Period Table - 02/06/2021

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

USDTRY 02/06/2021 - Reference Price : 8.61840

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
US Dollar - Turkish Lira Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now