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 08/01/2025

Fundamental analysis

08 January, 2025

The US Dollar increased against the Turkish Lira during the Asian session, above 35.340 levels.

The USD/TRY has been trading in a band for the last couple of days, however the prospect of a further weakening lira still hangs in the air as high inflation and monetary instability still grip the country. In Turkey, there are no data releases today. In the US, ADP Nonfarm Employment for December (136k exp) and Initial Jobless Claims (214k exp) will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/01/2025

Support & Resistance Level Explanation
Resistance 2 35.4369 Daily R2
Resistance 1 35.4054 Daily R1
Support 1 35.2140 Daily S1
Support 2 35.2899 Daily S2

USDTRY Indicator Table - 08/01/2025

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 - 08/01/2025

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

USDTRY 08/01/2025 - Reference Price : 35.3655

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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