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. 73.43% 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 17/01/2025

Fundamental analysis

17 January, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 35.560 levels.

The USD/TRY continued to move higher and recorded another all time peak earlier today, amid ongoing inflation concerns in Turkey. In Turkey, there are no economic releases today. In the US, Housing Starts data for December (-1.8% last month) and Industrial Production data for December (0.3% expected) will be released at 13:30 GMT and 14:15 GMT respectively.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 17/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 17/01/2025

Support & Resistance Level Explanation
Resistance 2 35.6469 Daily R2
Resistance 1 35.6108 Daily R1
Support 1 35.5144 Daily S1
Support 2 35.4783 Daily S2

USDTRY Indicator Table - 17/01/2025

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

USDTRY Indicator / Period Table - 17/01/2025

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

USDTRY 17/01/2025 - Reference Price : 35.5662

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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