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 19/11/2024

Fundamental analysis

19 November, 2024

The US Dollar climbed against the Turkish Lira during the Asian session, above 34.600 levels.

The volatile currency pair rose sharply this morning, coming close to hitting last week’s all time high as inflation concerns continue in Turkey. In Turkey, there are no major data releases today. In the United States, Housing Starts (1.340 mln exp) and Building Permits data (1.440 mln exp) for October will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 19/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 19/11/2024

Support & Resistance Level Explanation
Resistance 2 34.7443 Daily R2
Resistance 1 34.6838 Daily R1
Support 1 34.5224 Daily S1
Support 2 34.4619 Daily S2

USDTRY Indicator Table - 19/11/2024

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 - 19/11/2024

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

USDTRY 19/11/2024 - Reference Price : 34.6031

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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