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 30/10/2024

Fundamental analysis

30 October, 2024

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

The pair resumed its upward course in the European session, not far from last week’s almost two month high. In Turkey, no major data will be published today. In the United States, ADP Nonfarm Employment Change for October (101k exp) will be released (12:15 GMT) and Q3 GDP figures (3% exp) will be revealed (12:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 30/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 30/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3224 Daily R2
Resistance 1 34.3087 Daily R1
Support 1 34.2722 Daily S1
Support 2 34.2585 Daily S2

USDTRY Indicator Table - 30/10/2024

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 - 30/10/2024

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

USDTRY 30/10/2024 - Reference Price : 34.28751

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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