CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 23/07/2021

Fundamental analysis

23 July, 2021

The USD/TRY increased during the Asian session to trade at 8.5661. The pair made a small rally on Thursday afternoon. There was no economic news out of Turkey since it was a national holiday. Initial Jobless Claims in the United States for the past week were higher than analysts had predicted. They printed at 419,000, above the 350,000 forecast. Existing Home Sales for June in the United States came in close to their estimate at 5.86 million new homes. The consensus forecast was 5.90 million.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/07/2021

Support & Resistance Level Explanation
Resistance 2 8.60409 Daily R2
Resistance 1 8.58472 Daily R1
Support 1 8.53308 Daily S1
Support 2 8.51371 Daily S2

USDTRY Indicator Table - 23/07/2021

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 - 23/07/2021

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

USDTRY 23/07/2021 - Reference Price : 8.55890

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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