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 27/12/2022

Fundamental analysis

27 December, 2022

The USD/TRY was broadly unchanged upwards this morning at 18.679570. Turkey has no economic events scheduled to report. The United States reported New Home Sales for November at 640k. The consensus was 600k. Core Durable Goods Orders Month-on-Month for November printed -2.1% vs -0.6% expected. Michigan Consumer Sentiment for December printed 59.7 vs 59.1 expected. The Core PCE Price Index Month-on-Month for November printed 0.2% as expected.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 27/12/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 27/12/2022

Support & Resistance Level Explanation
Resistance 2 18.71414 Daily R2
Resistance 1 18.69877 Daily R1
Support 1 18.65781 Daily S1
Support 2 18.64244 Daily S2

USDTRY Indicator Table - 27/12/2022

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

USDTRY Indicator / Period Table - 27/12/2022

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

USDTRY 27/12/2022 - Reference Price : 18.67829

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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