CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 29/08/2022

Fundamental analysis

29 August, 2022

USD/TRY traded upwards at 18.1902 during lunchtime trade. The Turkish lira was stable on Monday after Turkey's economy expanded 7.5% annually in the second quarter of the year, a Reuters poll showed last week, while the full-year growth forecast stood at 4%, pointing to a drop in economic activity in the second half of the year reflecting weaker demand conditions.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 18.2374 Daily R2
Resistance 1 18.2155 Daily R1
Support 1 18.1573 Daily S1
Support 2 18.1354 Daily S2

USDTRY Indicator Table - 29/08/2022

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 - 29/08/2022

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

USDTRY 29/08/2022 - Reference Price : 18.1868

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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