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. 70.41% 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 08/10/2024

Fundamental analysis

08 October, 2024

The US Dollar was firmly higher against the Turkish Lira during the Asian session, above 34.200 levels.

The pair jumped in the Asian session, edging closer to it's all time high level of 34.36, set at the end of August. The USD/TRY remains close to an all time high. In Turkey no major data releases will be posted today. In the United States, FOMC Meeting Minutes will be published at 19:00 GMT+1.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/10/2024

Support & Resistance Level Explanation
Resistance 2 34.4033 Daily R2
Resistance 1 34.3447 Daily R1
Support 1 34.1885 Daily S1
Support 2 34.1299 Daily S2

USDTRY Indicator Table - 08/10/2024

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 - 08/10/2024

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

USDTRY 08/10/2024 - Reference Price : 34.2756

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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