CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 31/01/2022

Fundamental analysis

31 January, 2022

The USD/TRY increased during the Asian session to trade at 13.5571 this morning. The pair drifted lower on Friday. Turkey’s Economic Confidence Index for January came in at 100.80, higher than December’s print of 98.20. In the United States, the Core PCE Price Index for December rose 4.9%, Yea-over-Year. The consensus forecast was 4.8%. Personal Spending for December fell 0.6%, Month-over-Month, as expected.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 31/01/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 31/01/2022

Support & Resistance Level Explanation
Resistance 2 13.64125 Daily R2
Resistance 1 13.58860 Daily R1
Support 1 13.44820 Daily S1
Support 2 13.39555 Daily S2

USDTRY Indicator Table - 31/01/2022

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

USDTRY Indicator / Period Table - 31/01/2022

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

USDTRY 31/01/2022 - Reference Price : 13.51840

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