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 21/03/2024

Fundamental analysis

21 March, 2024

The US Dollar climbed against the Turkish Lira during the Asian session trading above 32.400 levels.

No major economic data is expected from Turkey. Yesterday, the Federal Reserve of the United States opted to keep interest rates unchanged. However, according to the Fed's dot plot, there are indications of three potential 0.25% rate cuts in 2024, with additional reductions of 0.25% forecasted for 2025.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 21/03/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 21/03/2024

Support & Resistance Level Explanation
Resistance 2 32.5663 Daily R2
Resistance 1 32.5030 Daily R1
Support 1 32.3340 Daily S1
Support 2 32.2707 Daily S2

USDTRY Indicator Table - 21/03/2024

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 - 21/03/2024

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

USDTRY 21/03/2024 - Reference Price : 32.4196

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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