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

US Session Analysis for CFD Instruments 12/02/2021

Fundamental analysis

12 February, 2021

The USD/TRY pair inched lower in the European session to 7.0234 despite the fact that the Greenback pushed higher against a basket of other currencies. Turkey’s lira rose sticking close to six-month highs, on the continuing optimism over tight monetary policy in the country. Sentiment in Turkey this week improved after the central bank vowed to combat overheated inflation and rebuild the country’s severely depleted currency reserves.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/02/2021

Support & Resistance Level Explanation
Resistance 2 7.05310 Daily R2
Resistance 1 7.03420 Daily R1
Support 1 6.98380 Daily S1
Support 2 6.96490 Daily S2

USDTRY Indicator Table - 12/02/2021

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

USDTRY Indicator / Period Table - 12/02/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellNeutral
RSI (14) Sell SellSell
SMA 20 Sell SellSell

USDTRY 12/02/2021 - Reference Price : 7.00900

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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US Dollar - Turkish Lira Chart
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