CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 26/05/2023

Fundamental analysis

26 May, 2023

The USD/TRY pushed upwards in the asian session trading around 19.9791 as investors kept selling the Turkish lira ahead of the second round of the Turkish presidential election (May 28, 2023). The markets increasingly believe that current President Erdogan will stay in power after May 28, who should keep the same economic policy in place which negatively impacted the Turkish lira in the recent past.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 26/05/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 26/05/2023

Support & Resistance Level Explanation
Resistance 2 20.03613 Daily R2
Resistance 1 20.01045 Daily R1
Support 1 19.94195 Daily S1
Support 2 19.91627 Daily S2

USDTRY Indicator Table - 26/05/2023

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 - 26/05/2023

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

USDTRY 26/05/2023 - Reference Price : 19.97620

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
US Dollar - Turkish Lira Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now