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 24/11/2021

Fundamental analysis

24 November, 2021

The USD/TRY pair continued sharply lower on Wednesday. At around 13:00, the dollar was being exchanged for 12.5413. Turkey's lira tumbled again on Wednesday towards a record low, gripped by worries over soaring inflation and other economic fallout, after a 15% crash a day earlier that was driven by President Tayyip Erdogan's defence of recent rate cuts.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/11/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/11/2021

Support & Resistance Level Explanation
Resistance 2 12.98472 Daily R2
Resistance 1 12.71763 Daily R1
Support 1 12.00537 Daily S1
Support 2 11.73828 Daily S2

USDTRY Indicator Table - 24/11/2021

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

USDTRY Indicator / Period Table - 24/11/2021

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

USDTRY 24/11/2021 - Reference Price : 12.36150

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
US Dollar - Turkish Lira Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now