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.
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Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 02/10/2024

Fundamental analysis

02 October, 2024


The US Dollar climbed against the Turkish Lira during the Asian session, above 34.200 levels.

The pair's uptrend continued in the Asian session after yesterday’s one week peak, amid high volatility for the troubled Lira. In Turkey Exports data for September will be posted (09:00 GMT+1). In the United States, September’s ADP Nonfarm Employment (124k expected) will be released (13:15 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/10/2024

Support & Resistance Level Explanation
Resistance 2 34.2623 Daily R2
Resistance 1 34.2297 Daily R1
Support 1 34.1429 Daily S1
Support 2 34.1103 Daily S2

USDTRY Indicator Table - 02/10/2024

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 - 02/10/2024

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

USDTRY 02/10/2024 - Reference Price : 34.1863

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