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 16/01/2025

Fundamental analysis

16 January, 2025

The US Dollar was higher against the Turkish Lira during the Asian session, above 35.400 levels.

The USD/TRY increased slightly as the under pressure Lira awaited more important economic data later this morning. In Turkey, Net FX Reserves data (67.67% last month) will be posted (11:30 GMT). In the US, Year on Year CPI Inflation data for December (2.9% expected) will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/01/2025

Support & Resistance Level Explanation
Resistance 2 35.5521 Daily R2
Resistance 1 35.5200 Daily R1
Support 1 35.4345 Daily S1
Support 2 35.4024 Daily S2

USDTRY Indicator Table - 16/01/2025

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USDTRY Indicator / Period Table - 16/01/2025

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

USDTRY 16/01/2025 - Reference Price : 35.4773

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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