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. 70.91% 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 05/09/2022

Fundamental analysis

05 September, 2022

The Dollar Lira currency pair edged downwards during the asian session. The pair is trading at 18.1926. Data regarding inflation in Turkey will be published today. Economics expected it to reach 81.22%. The USD dollar remains near the highest level in the last 20 years. NFP data in the US showed 315K new payrolls better than expected 300K and unemployment inched up from 3.5% to 3.7%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/09/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/09/2022

Support & Resistance Level Explanation
Resistance 2 18.2624 Daily R2
Resistance 1 18.2397 Daily R1
Support 1 18.1743 Daily S1
Support 2 18.1498 Daily S2

USDTRY Indicator Table - 05/09/2022

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 - 05/09/2022

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

USDTRY 05/09/2022 - Reference Price : 18.2237

Buy
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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