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.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 02/01/2025

Fundamental analysis

02 January, 2025

The US Dollar climbed against the Turkish Lira during the European session, trading above 35.300 levels.

The Turkish lira weakened following the Trump administration's announcement of a review of Turkey's duty-free access to the U.S. market. In Turkey, no economic data releases are scheduled today due to the Christmas holiday. In the United States, initial jobless claims will be announced at 13:30 GMT, followed by the December Manufacturing PMI at 14:45 GMT.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/01/2025

Support & Resistance Level Explanation
Resistance 2 35.4247 Daily R2
Resistance 1 35.3775 Daily R1
Support 1 35.2515 Daily S1
Support 2 35.2043 Daily S2

USDTRY Indicator Table - 02/01/2025

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

USDTRY Indicator / Period Table - 02/01/2025

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

USDTRY 02/01/2025 - Reference Price : 35.3143

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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