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 04/10/2021

Fundamental analysis

04 October, 2021

The USD/TRY increased during the Asian session to trade at 8.8643. The pair inched lower on relatively calm trade for the Turkish lira. Turkey’s Manufacturing PMI for September came in at 52.50. Its Exports for September rose to 20.80 billion Turkish lira. In the United States, the ISM Manufacturing PMI for September beat its forecast, coming in at 61.1. Personal Spending in the U.S. for August printed up 0.8%, Month-over-Month. The consensus forecast was 0.6%. The Core PCE Index for August climbed 0.3%, Month-over-Month. Analysts had only predicted 0.2%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 04/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 04/10/2021

Support & Resistance Level Explanation
Resistance 2 8.91675 Daily R2
Resistance 1 8.88836 Daily R1
Support 1 8.81264 Daily S1
Support 2 8.78425 Daily S2

USDTRY Indicator Table - 04/10/2021

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

USDTRY Indicator / Period Table - 04/10/2021

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

USDTRY 04/10/2021 - Reference Price : 8.85050

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