CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 19/07/2021

Fundamental analysis

19 July, 2021

The USD/TRY increased during the Asian session to trade at 8.5286. The pair dropped precipitously on Friday afternoon. Turkey did not post any significant economic data. In the United States, Retail Sales for June were higher than expected. Retail Sales rose 0.6%, Month-over-Month, and Core Retail Sales climbed 1.3%, Month-over-Month. The Michigan Consumer Sentiment for July missed its forecast of 86.5, coming in at 80.8.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 19/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 19/07/2021

Support & Resistance Level Explanation
Resistance 2 8.56151 Daily R2
Resistance 1 8.54363 Daily R1
Support 1 8.49597 Daily S1
Support 2 8.47809 Daily S2

USDTRY Indicator Table - 19/07/2021

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

USDTRY Indicator / Period Table - 19/07/2021

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

USDTRY 19/07/2021 - Reference Price : 8.51980

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Turkish Lira Chart
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