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. 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 24/02/2025

Fundamental analysis

24 February, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 36.400 levels.

The USD/TRY volatile currency pair rose in this morning's session, continuing its climb in the European trading session, amid ongoing concerns over the state of the Turkish economy. In Turkey, Manufacturing Confidence for February was released with data better than last month (102.4 realised vs 100.9 last month). In the US, Chicago Fed National Activity for January (0.15 last month) will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/02/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/02/2025

Support & Resistance Level Explanation
Resistance 2 36.4935 Daily R2
Resistance 1 36.4640 Daily R1
Support 1 36.3850 Daily S1
Support 2 36.3555 Daily S2

USDTRY Indicator Table - 24/02/2025

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 - 24/02/2025

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

USDTRY 24/02/2025 - Reference Price : 36.4349

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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