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 16/07/2021

Fundamental analysis

16 July, 2021

The USD/TRY edged higher during the Asian session to trade at 8.5673. The pair dropped slightly on Thursday. Turkey’s economic calendar was empty since it was a national holiday. Initial Jobless Claims for the past week in the United States came in exactly as forecast at 360,000 new claims. The Philadelphia Fed Manufacturing Index for July was reported to be 21.9, much lower than the 28.0 that analysts had predicted.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/07/2021

Support & Resistance Level Explanation
Resistance 2 8.59807 Daily R2
Resistance 1 8.58235 Daily R1
Support 1 8.54045 Daily S1
Support 2 8.52473 Daily S2

USDTRY Indicator Table - 16/07/2021

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 - 16/07/2021

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

USDTRY 16/07/2021 - Reference Price : 8.56140

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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