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 11/10/2024

Fundamental analysis

11 October, 2024

The US Dollar pushed higher against the Turkish Lira during the European session, below 34.300 levels.

In European trading the pair jumped to record another more than six week high. The currency pair is moving closer to its all-time peak. In Turkey Retail Sales data was 13.3% this morning. In the United States, Initial Jobless Claims data (231k expected) and US CPI Inflation data for September (2.3% expected) will be published (13:30 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 11/10/2024

Support & Resistance Level Explanation
Resistance 2 34.4197 Daily R2
Resistance 1 34.3649 Daily R1
Support 1 34.2189 Daily S1
Support 2 34.1641 Daily S2

USDTRY Indicator Table - 11/10/2024

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

USDTRY Indicator / Period Table - 11/10/2024

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

USDTRY 11/10/2024 - Reference Price : 34.2912

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