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 21/11/2024

Fundamental analysis

21 November, 2024

The US Dollar fell against the Turkish Lira during the European session, just below 34.500 levels.

Earlier in the morning the pair recovered ground reaching levels of 34.550 before starting to fall again. In Turkey, the Turkish Central Bank will reveal its November’s key one week Repo Rate (50% last month) will be released (11:00 GMT). In the United States, Initial Jobless Claims (220k expected) and Philadelphia Fed Manufacturing Index for November (6.3 exp) will be posted (13:30 GMT). US Existing Home Sales for October (3.94mln exp) will be released (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 21/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 21/11/2024

Support & Resistance Level Explanation
Resistance 2 34.6787 Daily R2
Resistance 1 34.6119 Daily R1
Support 1 34.4341 Daily S1
Support 2 34.3673 Daily S2

USDTRY Indicator Table - 21/11/2024

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 - 21/11/2024

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

USDTRY 21/11/2024 - Reference Price : 34.5002

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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