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 04/11/2024

Fundamental analysis

04 November, 2024

The US Dollar edged lower against the Turkish Lira during the Asian session, above 34.300 levels.

The currency pair declined slightly mainly due to a weaker Greenback which is under pressure this morning following lower than expected NFP data on Friday and ahead of important data from Turkey. In Turkey, CPI Inflation data for October (48.2%) will be released (07:00 GMT). In the United States, Factory Orders for September (-0.4 expected) will be released (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 04/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 04/11/2024

Support & Resistance Level Explanation
Resistance 2 34.4007 Daily R2
Resistance 1 34.3735 Daily R1
Support 1 34.3008 Daily S1
Support 2 34.2736 Daily S2

USDTRY Indicator Table - 04/11/2024

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 - 04/11/2024

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

USDTRY 04/11/2024 - Reference Price : 34.3372

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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