CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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 all your money. Read full risk warning.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 26/11/2024

Fundamental analysis

26 November, 2024

The US Dollar rose against the Turkish Lira during the European session, trading above 34.600 levels.

In today’s session the currency pair recorded a fresh move as the Turkish lira once again weakened against the dollar. In Turkey, there are no data releases today. In the United States, New Homes Sales for October (724k expected) and CB Consumer Confidence for November (112.0 exp) will be published (15:00 GMT). Later this evening Fed Meeting Minutes will be published (19:00 GMT)

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 26/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 26/11/2024

Support & Resistance Level Explanation
Resistance 2 34.7504 Daily R2
Resistance 1 34.6989 Daily R1
Support 1 34.5613 Daily S1
Support 2 34.5098 Daily S2

USDTRY Indicator Table - 26/11/2024

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

USDTRY Indicator / Period Table - 26/11/2024

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

USDTRY 26/11/2024 - Reference Price : 34.6288

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