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. 73.43% 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 07/11/2022

Fundamental analysis

07 November, 2022

The Dollar Lira currency pair edged lower during the asian session and traded at 18.6117. Turkey has no economic events scheduled to report. The United States printed the Unemployment Rate for October at 3.7%. The consensus was 3.5%. Nonfarm Payrolls for October were reported at 261k vs 200k expected.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/11/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/11/2022

Support & Resistance Level Explanation
Resistance 2 18.69039 Daily R2
Resistance 1 18.64929 Daily R1
Support 1 18.53969 Daily S1
Support 2 18.49859 Daily S2

USDTRY Indicator Table - 07/11/2022

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

USDTRY Indicator / Period Table - 07/11/2022

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

USDTRY 07/11/2022 - Reference Price : 18.59449

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