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 08/05/2025

Fundamental analysis

08 May, 2025

The US Dollar inched higher against the Turkish Lira during the Asian session above 38.60 levels.
The USD/TRY steadied after reported speculation yesterday that the country may be about to sign a trade deal with the UK. to record a seven week high as ongoing concerns over the Turkish economy plague the lira. In Turkey Net FX Reserves (35.01% exp) will be posted (12:30 GMT+1). In the US, Initial Jobless Claims data (231k exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/05/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/05/2025

Support & Resistance Level Explanation
Resistance 2 38.7330 Daily R2
Resistance 1 38.6925 Daily R1
Support 1 38.5846 Daily S1
Support 2 38.5441 Daily S2

USDTRY Indicator Table - 08/05/2025

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 - 08/05/2025

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

USDTRY 08/05/2025 - Reference Price : 38.6386

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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