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 08/10/2021

Fundamental analysis

08 October, 2021

The USD/TRY pair increased at Friday lunchtime as the dollar edged upwards. It is presently 8.9216. Turkey’s lira recovered some lost ground yesterday after trading just above its record low of 8.9557, given that Turkey’s large crude imports make the currency sensitive to the oil market.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/10/2021

Support & Resistance Level Explanation
Resistance 2 8.99831 Daily R2
Resistance 1 8.96633 Daily R1
Support 1 8.88107 Daily S1
Support 2 8.84909 Daily S2

USDTRY Indicator Table - 08/10/2021

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 - 08/10/2021

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

USDTRY 08/10/2021 - Reference Price : 8.92370

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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