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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 23/01/2025

Fundamental analysis

23 January, 2025

The US Dollar climbed against the Turkish Lira during the Asian session, above 35.600 levels.

The USD/TRY rose again to hit another all time high in the Asian session ahead of the Turkish Central Bank’s interest rate decision. In Turkey, the Turkish central bank will meet to set interest rates (45.0% exp) this morning (11:00 GMT). In the US, Initial Jobless Claims data (221k expected) will be posted (13:30 GMT) and President Trump will hold an online speech at the World Economic Forum (16:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/01/2025

Support & Resistance Level Explanation
Resistance 2 35.8154 Daily R2
Resistance 1 35.7486 Daily R1
Support 1 35.5705 Daily S1
Support 2 35.5037 Daily S2

USDTRY Indicator Table - 23/01/2025

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 - 23/01/2025

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

USDTRY 23/01/2025 - Reference Price : 35.6595

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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