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.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 07/06/2023

Fundamental analysis

07 June, 2023

During European trading, the US dollar rocketed sharply higher against the Turkish lira to trade at 23.1054 as the lira crashed by 7% to hit a record low. The Lira’s continued decline comes after the narrow victory of President Erdogan in the Turkish elections, confirming Turkey’s ultra easy policy.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/06/2023
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/06/2023

Support & Resistance Level Explanation
Resistance 2 23.41175 Daily R2
Resistance 1 23.29642 Daily R1
Support 1 22.98888 Daily S1
Support 2 22.87355 Daily S2

USDTRY Indicator Table - 07/06/2023

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 - 07/06/2023

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

USDTRY 07/06/2023 - Reference Price : 23.14265

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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