Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 30/07/2021

Fundamental analysis

30 July, 2021 Research Department

The USD/TRY edged increased during the Asian session to trade at 8.4705. The pair fell marginally yesterday. Turkey’s economic calendar was empty. The Dollar fell on Thursday after below expectations economic data from the US. US GDP and Initial Jobless claims both disappointed with the latter coming in at 400k vs 380k exp.

Technical analysis

Time Frame: 1 hour

USDTRY Support & Resistance Table - 30/07/2021

Support & Resistance	Level	Explanation
Resistance 2	8.52548	Daily R2
Resistance 1	8.50616	Daily R1
Support 1	8.45464	Daily S1
Support 2	8.43532	Daily S2

USDTRY Indicator Table - 30/07/2021

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 - 30/07/2021

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Sell	Buy
RSI (14)	Sell	Sell	Buy
SMA 20	Sell	Sell	Neutral

USDTRY 30/07/2021 - Reference Price : 8.48040

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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