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 17/11/2022

Fundamental analysis

17 November, 2022

The Dollar Lira currency pair increased slightly during the asian session and traded at 18.6161. Turkey has no economic event scheduled for reporting. The United States Retail Sales Month-on-Month for October printed 1.3%. The consensus was 1.0%. Core Retail Sales Month-on-Month for October printed 1.3% vs 0.4% expected. The Philadelphia Fed Manufacturing Index for November and Initial Jobless Claims will be reported later today.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 17/11/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 17/11/2022

Support & Resistance Level Explanation
Resistance 2 18.70412 Daily R2
Resistance 1 18.66502 Daily R1
Support 1 18.56076 Daily S1
Support 2 18.52166 Daily S2

USDTRY Indicator Table - 17/11/2022

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 - 17/11/2022

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

USDTRY 17/11/2022 - Reference Price : 18.61289

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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