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 06/12/2024

Fundamental analysis

06 December, 2024

The US Dollar jumped against the Turkish Lira during the Asian session, below 34.700 levels.
The currency pair increased sharply to record a new all time high after the volatile Turkish Lira dropped in value in the Asian session. In Turkey there is no major data due to be released today. In the US, Nonfarm Payrolls (202k expected) and Unemployment Rate (4.2% exp) data will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 06/12/2024

Support & Resistance Level Explanation
Resistance 2 34.8412 Daily R2
Resistance 1 34.8216 Daily R1
Support 1 34.7692 Daily S1
Support 2 34.7495 Daily S2

USDTRY Indicator Table - 06/12/2024

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 - 06/12/2024

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

USDTRY 06/12/2024 - Reference Price : 34.7954

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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