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 understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 28/01/2025

Fundamental analysis

28 January, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 35.7600 levels.
The USD/TRY stuck to its long lasting upward momentum in the European session, reaching a new all-time-high, pushed by chronic inflation and monetary instability. In Turkey, no new data will be published today. In the US, Core Durable Goods Orders for December (0.1% expected) will be posted (13:30 GMT) and CB Consumer Confidence for January (105.9 exp) will be posted (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 28/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 28/01/2025

Support & Resistance Level Explanation
Resistance 2 35.8590 Daily R2
Resistance 1 35.8172 Daily R1
Support 1 35.7058 Daily S1
Support 2 35.6640 Daily S2

USDTRY Indicator Table - 28/01/2025

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 - 28/01/2025

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

USDTRY 28/01/2025 - Reference Price : 35.7624

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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