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 12/07/2021

Fundamental analysis

12 July, 2021

The USD/TRY increased during the Asian session to trade at 8.6649. The pair tumbled on Friday. Turkey’s Current Account for May was reported to be -$3.08 billion, slightly more negative than the-$3.03 billion forecast. Turkey’s End Year CPI Forecast for July printed at 15.64%, higher than June’s figure of 14.46%. Economic data out of the United States was light. Wholesale Inventories for May climbed 1.3%, Month-over-Month. Its Wholesale Trade Sales for May rose 0.8%, Month-over-Month.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/07/2021

Support & Resistance Level Explanation
Resistance 2 8.69728 Daily R2
Resistance 1 8.67980 Daily R1
Support 1 8.63320 Daily S1
Support 2 8.61572 Daily S2

USDTRY Indicator Table - 12/07/2021

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

USDTRY Indicator / Period Table - 12/07/2021

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

USDTRY 12/07/2021 - Reference Price : 8.65650

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