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 04/11/2022

Fundamental analysis

04 November, 2022

The Dollar Lira currency pair edged lower during the asian session and traded at 18.6026. Turkey has no economic events scheduled to report. The United States Federal Reserve raised Interest Rates by 75 bps as expected. ADP Nonfarm Employment Change for October printed 239k. The consensus was 195k. Initial Jobless Claims is set to be reported today. ISM Non-Manufacturing PMI for October is also set to print.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 04/11/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 04/11/2022

Support & Resistance Level Explanation
Resistance 2 18.68764 Daily R2
Resistance 1 18.65029 Daily R1
Support 1 18.55071 Daily S1
Support 2 18.51336 Daily S2

USDTRY Indicator Table - 04/11/2022

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 - 04/11/2022

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

USDTRY 04/11/2022 - Reference Price : 18.60050

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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