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 14/10/2022

Fundamental analysis

14 October, 2022

The Dollar Lira currency pair edged upwards during the asian session and traded at 18.5543. Turkey has no economic events scheduled to report.The United States reported CPI Year-on-Year for September at 8.2%. The consensus was 8.1%. Initial Jobless Claims printed 228k vs 225k expected. Core CPI Month-on-Month for September 0.6%. The consensus was 0.5%. Retail Sales Month-on-Month for September will be reported later today. Core Retail Sales Month-on-Month for September are also set to print.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/10/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/10/2022

Support & Resistance Level Explanation
Resistance 2 18.64422 Daily R2
Resistance 1 18.61100 Daily R1
Support 1 18.52240 Daily S1
Support 2 18.48918 Daily S2

USDTRY Indicator Table - 14/10/2022

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 - 14/10/2022

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

USDTRY 14/10/2022 - Reference Price : 18.56670

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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