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 23/10/2024

Fundamental analysis

23 October, 2024

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

The volatile currency pair continued to rise and is not far from the six week high recorded last week. In Turkey Consumer Confidence for October will be released today (08:00 GMT+1). In the United States, Fed Member Harker will speak (15:00 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3378 Daily R2
Resistance 1 34.2986 Daily R1
Support 1 34.1940 Daily S1
Support 2 34.1548 Daily S2

USDTRY Indicator Table - 23/10/2024

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 - 23/10/2024

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

USDTRY 23/10/2024 - Reference Price : 34.2463

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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