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 08/06/2023

Fundamental analysis

08 June, 2023

The USD/TRY pushed higher to hit a record high in the asian session trading around 23.3188. Turkey has no economic events scheduled to report later today. The United States is set to report Initial Jobless Claims later today.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/06/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/06/2023

Support & Resistance Level Explanation
Resistance 2 23.73113 Daily R2
Resistance 1 23.54655 Daily R1
Support 1 23.05435 Daily S1
Support 2 22.86977 Daily S2

USDTRY Indicator Table - 08/06/2023

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 - 08/06/2023

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

USDTRY 08/06/2023 - Reference Price : 23.30045

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