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 04/04/2025

Fundamental analysis

04 April, 2025

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

The USD/TRY saw great volatility in the Asian session as fears about high inflation in the Turkish economy continue and the country continues to face a political crisis. In Turkey, Trade Balance for March (-7.77 bln last month) will be posted today (08:00 GMT+1). In the US, Nonfarm Payrolls and Unemployment data (137k and 4.1% respectively exp) will be posted (13:30 GMT+1), and Fed Chair Powell will speak (16:25 GMT+1).

Technical analysis

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

USDTRY Support & Resistance Table - 04/04/2025

Support & Resistance Level Explanation
Resistance 2 38.1430 Daily R2
Resistance 1 38.0780 Daily R1
Support 1 37.9046 Daily S1
Support 2 37.8396 Daily S2

USDTRY Indicator Table - 04/04/2025

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 - 04/04/2025

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

USDTRY 04/04/2025 - Reference Price : 37.9913

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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