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 03/12/2024

Fundamental analysis

03 December, 2024

The US Dollar climbed up against the Turkish Lira during the European session, trading above 34.700 levels.
The currency pair hit another all time high in this morning’s session ahead of worse than expected inflation data from Turkey. In Turkey, CPI Inflation data for November was released showing higher than expected inflation data (47.09% vs 46.60% expected). In the United States, JOLTS Jobs Openings for October (7.49 mln exp) will be released (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 03/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 03/12/2024

Support & Resistance Level Explanation
Resistance 2 34.8078 Daily R2
Resistance 1 34.7818 Daily R1
Support 1 34.7124 Daily S1
Support 2 34.6864 Daily S2

USDTRY Indicator Table - 03/12/2024

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

USDTRY Indicator / Period Table - 03/12/2024

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

USDTRY 03/12/2024 - Reference Price : 34.7469

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