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

EU Session Analysis for CFD Instruments 16/09/2021

Fundamental analysis

16 September, 2021

The USD/TRY increased during the Asian session to trade at 8.4375. The pair meandered sideways on Wednesday, finishing the day roughly where it started. Turkey’s Budget balance for AUgust came in at 40.84 billion Turkish lira. Mortgage Applications in the United States were up 0.3%, Week-over-Week. The NY Empire State Manufacturing Index for September beat the analysts’ forecast of 18.00 coming in at 34.30.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/09/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/09/2021

Support & Resistance Level Explanation
Resistance 2 8.47900 Daily R2
Resistance 1 8.46044 Daily R1
Support 1 8.41096 Daily S1
Support 2 8.39240 Daily S2

USDTRY Indicator Table - 16/09/2021

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

USDTRY Indicator / Period Table - 16/09/2021

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

USDTRY 16/09/2021 - Reference Price : 8.43570

Buy
Simple Moving AverageBuy (2)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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