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.

Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 09/06/2021

Fundamental analysis

09 June, 2021

The USD/TRY increased during the Asian session to trade at 8.6055. The pair fell marginally lower on Tuesday in uneventful trading. Turkey’s economic calendar was empty. In the United States, the JOLTS Job Openings report for April showed almost 9.3 million job openings. Analysts had only predicted 8.3 million openings. The U.S. Trade Balance for April printed at -$68.90 billion, as expected.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 09/06/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 09/06/2021

Support & Resistance Level Explanation
Resistance 2 8.66679 Daily R2
Resistance 1 8.63864 Daily R1
Support 1 8.56356 Daily S1
Support 2 8.53541 Daily S2

USDTRY Indicator Table - 09/06/2021

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

USDTRY Indicator / Period Table - 09/06/2021

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

USDTRY 09/06/2021 - Reference Price : 8.60110

Sell
Simple Moving AverageBuy (1)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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US Dollar - Turkish Lira Chart
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