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 20/03/2025

Fundamental analysis

20 March, 2025

The US Dollar inched higher against the Turkish Lira during the Asian session, above 37.90 levels.

The USD/TRY was slightly higher, stabilising after hitting a record 40.9 level yesterday after a main opposition political leader was reportedly arrested and held in jail. In Turkey, Net FX Reserves data (74.26% last month) will be released (11:30 GMT). In the US, Initial Jobless Claims (224k exp) and Philadelphia Fed Manufacturing data for March (8.8 exp) will be released (12:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 20/03/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 20/03/2025

Support & Resistance Level Explanation
Resistance 2 38.6651 Daily R2
Resistance 1 38.3686 Daily R1
Support 1 37.5781 Daily S1
Support 2 37.2816 Daily S2

USDTRY Indicator Table - 20/03/2025

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 - 20/03/2025

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

USDTRY 20/03/2025 - Reference Price : 37.9734

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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