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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 24/09/2021

Fundamental analysis

24 September, 2021

The USD/TRY edged upwards during the Asian session to trade at 8.7676. The pair spiked higher to an all-time high on Thursday as Turkey’s currency crisis never ends. The Central Bank of the Republic of Turkey just lowered its One-Week Repo Rate for September to 18.00%, less than the 19.00% that had been forecast. The latest central bank governor is far from independent and taking orders from President Edrogan. In the United States, Initial Jobless Claims for the past week printed at 351,000. The consensus forecast was 320,000 new claims for the week. The U.S. Manufacturing PMI for September was 60.5 and the Services PMI for September was 54.4. Both missed their estimates which were 61.5 and 55.0 respectively.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/09/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/09/2021

Support & Resistance Level Explanation
Resistance 2 8.83767 Daily R2
Resistance 1 8.80653 Daily R1
Support 1 8.72347 Daily S1
Support 2 8.69233 Daily S2

USDTRY Indicator Table - 24/09/2021

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

USDTRY Indicator / Period Table - 24/09/2021

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

USDTRY 24/09/2021 - Reference Price : 8.76500

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