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 05/11/2024

Fundamental analysis

05 November, 2024

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

The currency pair continued its long term uptrend as markets turned their eyes stateside with Americans going to the polls in a Presidential election that is likely to be very close. In Turkey, there are no data releases today. In the United States, the Presidential Election will be held today. Other major US data releases today include Global Services PMI (55.3 expected) for October (14:45 GMT) and ISM Non Manufacturing PMI (53.7 exp) for October (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/11/2024

Support & Resistance Level Explanation
Resistance 2 34.4096 Daily R2
Resistance 1 34.3810 Daily R1
Support 1 34.3045 Daily S1
Support 2 34.2758 Daily S2

USDTRY Indicator Table - 05/11/2024

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 - 05/11/2024

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

USDTRY 05/11/2024 - Reference Price : 34.3427

Buy
Simple Moving AverageBuy ()Sell ()
Technical Indicators - OscillatorsBuy ()Sell ()
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US Dollar - Turkish Lira Chart
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