CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 16/04/2025

Fundamental analysis

16 April, 2025

The US Dollar inched lower against the Turkish Lira during the Asian session below 38.20 levels.

The USD/TRY fell slightly after hitting a fresh one month high earlier in the Asian session as concerns continue about the state of the Turkish economy and its high inflation. In Turkey, no data is scheduled to be posted today. In the US, Retail Sales data for March (1.4% exp) will be released (13:30 GMT+1) and Fed Chair Powell will speak (18:15 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/04/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/04/2025

Support & Resistance Level Explanation
Resistance 2 38.2267 Daily R2
Resistance 1 38.1747 Daily R1
Support 1 38.0359 Daily S1
Support 2 37.9839 Daily S2

USDTRY Indicator Table - 16/04/2025

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 - 16/04/2025

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

USDTRY 16/04/2025 - Reference Price : 38.1053

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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