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 18/12/2024

Fundamental analysis

18 December, 2024

The US Dollar rose against the Turkish Lira during the European session, trading just above 35.010 levels.

The USD/TRY currency continues to rise as it broke through the psychological $35 level for the first time in its history as fears continued regarding Turkey’s ability to get rising inflation under control. In Turkey there are no data releases today. In the US, the Fed Interest Rate Decision and Press Conference (4.5% exp) will be released / take place at 19:00 GMT and 19:30 respectively.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 18/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 18/12/2024

Support & Resistance Level Explanation
Resistance 2 35.0621 Daily R2
Resistance 1 35.0415 Daily R1
Support 1 34.9867 Daily S1
Support 2 34.9661 Daily S2

USDTRY Indicator Table - 18/12/2024

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 - 18/12/2024

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

USDTRY 18/12/2024 - Reference Price : 35.0143

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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