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 02/04/2025

Fundamental analysis

02 April, 2025

The US Dollar climbed against the Turkish Lira during the Asian session above 37.90 levels.

The USD/TRY pushed to its highest level so far this week in the Asian session as ongoing political and economic instability continued in Turkey. In Turkey, Istanbul Chamber of Industry Manufacturing PMI data for March (48.3 last month) will be posted today (08:00 GMT+1).. In the US, ADP for March (118k exp) will be posted (13:15 GMT+1) and President Trump will speak (on reciprocal tariffs etc) at (20:00 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/04/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/04/2025

Support & Resistance Level Explanation
Resistance 2 38.1130 Daily R2
Resistance 1 38.0520 Daily R1
Support 1 37.8895 Daily S1
Support 2 37.8285 Daily S2

USDTRY Indicator Table - 02/04/2025

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 - 02/04/2025

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

USDTRY 02/04/2025 - Reference Price : 37.9707

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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