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 05/10/2021

Fundamental analysis

05 October, 2021

The USD/TRY pair traded upwards at Tuesday lunchtime. It is presently 8.8619. The Lira continued to edge lower after yesterday’s data showing that annual inflation rose by 19.58% in September to its highest in two-and-a-half years, data showed, pushing real yields further into negative territory after the central bank surprised markets by cutting its policy rate last month.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/10/2021

Support & Resistance Level Explanation
Resistance 2 8.90607 Daily R2
Resistance 1 8.88363 Daily R1
Support 1 8.82377 Daily S1
Support 2 8.80133 Daily S2

USDTRY Indicator Table - 05/10/2021

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

USDTRY Indicator / Period Table - 05/10/2021

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

USDTRY 05/10/2021 - Reference Price : 8.85370

Buy
Simple Moving AverageBuy (2)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Turkish Lira Chart
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