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 22/11/2024

Fundamental analysis

22 November, 2024

The US Dollar rose against the Turkish Lira during the European session, trading above 34.500 levels.

During this morning’s trade the pair fell to a low level of 34.500 before starting to rise again . In Turkey, the Foreign Arrivals data was published showing better than expected results (9.25 realised vs 4.64 previous data). In the United States, the US Services PMI will be published at (14:45 GMT) expecting a level of 55.0.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 22/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 22/11/2024

Support & Resistance Level Explanation
Resistance 2 34.6941 Daily R2
Resistance 1 34.6370 Daily R1
Support 1 34.4848 Daily S1
Support 2 34.4277 Daily S2

USDTRY Indicator Table - 22/11/2024

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 - 22/11/2024

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

USDTRY 22/11/2024 - Reference Price : 34.5575

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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