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 25/11/2021

Fundamental analysis

25 November, 2021

The USD/TRY fell sharply during the Asian session to trade at 11.9413 this morning. The pair fell sharply on Wednesday as the Turkish Lira attempted to stage a recovery after sinking over the past 5 trading days. In the U.S. Federal Reserve policymakers said they would be open to speeding up elimination of their bond-buying program and move more quickly to raise interest rates if high inflation held, minutes of the U.S. central bank's last meeting showed. Other data showed weekly jobless claims fell and third-quarter GDP was revised higher.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 25/11/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 25/11/2021

Support & Resistance Level Explanation
Resistance 2 12.8173 Daily R2
Resistance 1 12.4854 Daily R1
Support 1 11.6002 Daily S1
Support 2 11.2683 Daily S2

USDTRY Indicator Table - 25/11/2021

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 - 25/11/2021

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

USDTRY 25/11/2021 - Reference Price : 12.1202

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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