CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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 03/02/2025

Fundamental analysis

03 February, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 35.9900 levels.

The USD/TRY held its long term upward course and reached a new all time high as the country is gripped by chronic inflation and monetary instability. In Turkey, Manufacturing PMI data for January was published showing weaker data compared to the month before (48.00 for January vs 49.10 for December). In the US, Manufacturing PMI figures for January (50.1 exp) will be posted (14:45 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 03/02/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 03/02/2025

Support & Resistance Level Explanation
Resistance 2 36.0948 Daily R2
Resistance 1 36.0500 Daily R1
Support 1 35.9304 Daily S1
Support 2 35.8856 Daily S2

USDTRY Indicator Table - 03/02/2025

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 - 03/02/2025

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

USDTRY 03/02/2025 - Reference Price : 35.9958

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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