CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 17/10/2024

Fundamental analysis

17 October, 2024

The US Dollar decreased against the Turkish Lira during the European session, below 34.200 levels.

In European trading the pair is falling just ahead of the Turkish Central Bank’s interest rate decision, with rates expected to remain unchanged. In Turkey the Central Bank will decide on Interest Rates (50% exp) for October (12:00 GMT+1). In the United States, Philadelphia Fed Manufacturing Index data for October (4.2 exp) will be posted and Retail Sales data for September (0.3% exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 17/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 17/10/2024

Support & Resistance Level Explanation
Resistance 2 34.2646 Daily R2
Resistance 1 34.2189 Daily R1
Support 1 34.0971 Daily S1
Support 2 34.0514 Daily S2

USDTRY Indicator Table - 17/10/2024

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

USDTRY Indicator / Period Table - 17/10/2024

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

USDTRY 17/10/2024 - Reference Price : 34.1594

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