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 12/12/2024

Fundamental analysis

12 December, 2024

The US Dollar rose against the Turkish Lira during the European session, trading just above 34.880 levels.

The volatile currency pair increased again and is nearing the all time high of 34.89 after better than expected current account data coming out of Turkey. In Turkey, Current Account data for October was released showing better than expected results (1.88B vs 1.30B expected). In the US, Initial Jobless Claims data (221k exp) and PPI Inflation data for November (0.2% exp) will be released (13:30 GMT).

Technical analysis

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

USDTRY Support & Resistance Table - 12/12/2024

Support & Resistance Level Explanation
Resistance 2 34.9304 Daily R2
Resistance 1 34.9064 Daily R1
Support 1 34.8424 Daily S1
Support 2 34.8184 Daily S2

USDTRY Indicator Table - 12/12/2024

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

USDTRY Indicator / Period Table - 12/12/2024

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

USDTRY 12/12/2024 - Reference Price : 34.8747

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