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.
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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 30/05/2023

Fundamental analysis

30 May, 2023

The USD/TRY moved higher in the asian session trading around 20.2302. Turkey has no economic events scheduled to report but the country and traders are absorbing President Erdogan’s win. The United States is set to report CB Consumer Confidence for May later today.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 30/05/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 30/05/2023

Support & Resistance Level Explanation
Resistance 2 20.32435 Daily R2
Resistance 1 20.28006 Daily R1
Support 1 20.16198 Daily S1
Support 2 20.11769 Daily S2

USDTRY Indicator Table - 30/05/2023

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 - 30/05/2023

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

USDTRY 30/05/2023 - Reference Price : 20.22102

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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