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 07/10/2024

Fundamental analysis

07 October, 2024

The US Dollar increased against the Turkish Lira during the European session, above 34.200 levels.

In European trading the pair climbed, having already hit a five week high in the Asian session. In Turkey no major data releases will be posted today. In the United States, Fed Members Kashkari and Bostic will speak at 18:50 GMT+1 and 23:00 GMT+1 respectively.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3801 Daily R2
Resistance 1 34.3268 Daily R1
Support 1 34.1846 Daily S1
Support 2 34.1313 Daily S2

USDTRY Indicator Table - 07/10/2024

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

USDTRY Indicator / Period Table - 07/10/2024

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

USDTRY 07/10/2024 - Reference Price : 34.2533

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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