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 11/12/2024

Fundamental analysis

11 December, 2024

The US Dollar rose against the Turkish Lira during the European session, trading just above 34.850 levels.

The volatile currency pair increased again after the pair recorded another all-time peak yesterday of 34.89. Turskih Liria is continuing to lose its value, following negative Turkish Inflation data which was released on December 3. In the US, CPI Inflation data (2.7% exp) will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 11/12/2024

Support & Resistance Level Explanation
Resistance 2 34.9218 Daily R2
Resistance 1 34.8971 Daily R1
Support 1 34.8313 Daily S1
Support 2 34.8066 Daily S2

USDTRY Indicator Table - 11/12/2024

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

USDTRY Indicator / Period Table - 11/12/2024

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

USDTRY 11/12/2024 - Reference Price : 34.8652

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