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. 73.43% 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 01/06/2022

Fundamental analysis

01 June, 2022

By lunchtime trade, the pair climbed. The pair is currently trading at 16.4398. Strong demand, manufacturing and exports helped Turkey posted slightly better than expected 7.3% annual economic growth in the first quarter, data released on Tuesday showed, though fallout from a currency crisis cast a shadow over the rest of the year.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 01/06/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 01/06/2022

Support & Resistance Level Explanation
Resistance 2 16.56807 Daily R2
Resistance 1 16.50958 Daily R1
Support 1 16.35362 Daily S1
Support 2 16.29513 Daily S2

USDTRY Indicator Table - 01/06/2022

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 - 01/06/2022

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

USDTRY 01/06/2022 - Reference Price : 16.43160

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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