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 24/02/2025

Fundamental analysis

24 February, 2025

The US Dollar inched higher against the Turkish Lira during the Asian session, above 36.40 levels.

The USD/TRY crept higher in the Asian session after hitting another record high in the previous session as concerns continued about the state of the Turkish economy. In Turkey, Manufacturing Confidence for February (100.9 last month) will be released (07:00 GMT). In the US, Chicago Fed National Activity for January (0.15 last month) will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/02/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/02/2025

Support & Resistance Level Explanation
Resistance 2 36.4956 Daily R2
Resistance 1 36.4661 Daily R1
Support 1 36.3871 Daily S1
Support 2 36.3576 Daily S2

USDTRY Indicator Table - 24/02/2025

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

USDTRY Indicator / Period Table - 24/02/2025

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

USDTRY 24/02/2025 - Reference Price : 36.4232

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Turkish Lira Chart
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