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 07/05/2025

Fundamental analysis

07 May, 2025

The US Dollar increased against the Turkish Lira during the Asian session above 38.70 levels.
The USD/TRY continued to climb to record a seven week high as ongoing concerns over the Turkish economy plague the lira. In the US, the Fed will meet to discuss its Interest Rate decision (exp 4.5%: unchanged) at 19:00 GMT+1.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/05/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/05/2025

Support & Resistance Level Explanation
Resistance 2 38.7367 Daily R2
Resistance 1 38.6940 Daily R1
Support 1 38.5804 Daily S1
Support 2 38.5377 Daily S2

USDTRY Indicator Table - 07/05/2025

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 - 07/05/2025

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

USDTRY 07/05/2025 - Reference Price : 38.6372

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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