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

EU Session Analysis for CFD Instruments 29/08/2022

Fundamental analysis

29 August, 2022

The Dollar Lira currency pair was higher during the asian session. The pair is trading at 18.1782. Turkey had no economic events scheduled to report. The United States reported print Michigan Consumer Sentiment for August at 58.2. The consensus was 55.1. The Core PCE Price Index Month-on-Month printed 0.1% vs 0.4% expected.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 18.2322 Daily R2
Resistance 1 18.2103 Daily R1
Support 1 18.1521 Daily S1
Support 2 18.1302 Daily S2

USDTRY Indicator Table - 29/08/2022

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 - 29/08/2022

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

USDTRY 29/08/2022 - Reference Price : 18.1789

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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