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 15/05/2023

Fundamental analysis

15 May, 2023

During the European trading session, the US dollar strengthened against the Turkish lira. After reports that a second round of presidential elections will be held in Turkey, the Turkish lira is under downward pressure. Today at 14:30 in the USA, the indicator of factory activity in the state of New York will be published, which could be reflected in the exchange rate of this currency pair. Today, the USD is being exchanged for 19,6579 TRY.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 15/05/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 15/05/2023

Support & Resistance Level Explanation
Resistance 2 19.7114 Daily R2
Resistance 1 19.6878 Daily R1
Support 1 19.6248 Daily S1
Support 2 19.6012 Daily S2

USDTRY Indicator Table - 15/05/2023

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 - 15/05/2023

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

USDTRY 15/05/2023 - Reference Price : 19.6607

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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