CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.41% 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 20/10/2021

Fundamental analysis

20 October, 2021

The USD/TRY increased during the Asian session to trade at 9.3019 The pair slipped lower on Tuesday. Turkey’s economic calendar was empty. In the United States, Building Permits for September came in at 1.589 million, lower than the 1.680 million that had been forecast. Housing Starts for September were also below analysts expectations printing at 1.555 million. The consensus estimate was 1.620 million.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 20/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 20/10/2021

Support & Resistance Level Explanation
Resistance 2 9.37937 Daily R2
Resistance 1 9.34703 Daily R1
Support 1 9.26077 Daily S1
Support 2 9.22843 Daily S2

USDTRY Indicator Table - 20/10/2021

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

USDTRY Indicator / Period Table - 20/10/2021

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

USDTRY 20/10/2021 - Reference Price : 9.30390

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