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 19/05/2023

Fundamental analysis

19 May, 2023

This morning USDTRY pushed higher and is trading around 19.8071, close to a record high. Turkey has no economic events scheduled to report but traders will still be absorbing the general election result which saw President Erdogan win, but by not enough to avoid a second round of voting. This afternoon Fed Chair Powell will speak with investors looking for clues on potential future Fed movies.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 19/05/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 19/05/2023

Support & Resistance Level Explanation
Resistance 2 19.91560 Daily R2
Resistance 1 19.87461 Daily R1
Support 1 19.76533 Daily S1
Support 2 19.72434 Daily S2

USDTRY Indicator Table - 19/05/2023

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 - 19/05/2023

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

USDTRY 19/05/2023 - Reference Price : 19.81997

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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