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 17/06/2021

Fundamental analysis

17 June, 2021

The USD/TRY increased during the Asian session to trade at 8.6134. The pairslid marginally lower on Wednesday. Turkey did not report any significant economic data. In the United States, Building Permits for May printed at 1.681 million. The consensus forecast was 1.730 million new permits. U.S. Housing Starts were reported to be 1.572 million. Analysts were expecting 1.630 million. The U.S. Federal Reserve will release its interest rate decision and hold a press conference after the European trading day.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 17/06/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 17/06/2021

Support & Resistance Level Explanation
Resistance 2 8.71674 Daily R2
Resistance 1 8.66889 Daily R1
Support 1 8.54131 Daily S1
Support 2 8.49346 Daily S2

USDTRY Indicator Table - 17/06/2021

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 - 17/06/2021

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

USDTRY 17/06/2021 - Reference Price : 8.60510

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Turkish Lira Chart
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