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 16/11/2022

Fundamental analysis

16 November, 2022

The Dollar Lira currency pair was broadly unchanged during the asian session and traded at 18.6078. Turkey has no economic event scheduled for reporting. The United States reported The NY Empire State Manufacturing Index for November at 4.50 vs -5.00 expected. PPI Month-on-Month for October printed 0.2%. The consensus was 0.4%. Core PPI Month-on-Month for October was printed at 0.0%. The consensus was 0.3%. Core Retail Sales Month-on-Month for October will be reported later today. Retail Sales Month-on-Month for October are also set to print later today.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/11/2022
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/11/2022

Support & Resistance Level Explanation
Resistance 2 18.7208 Daily R2
Resistance 1 18.6711 Daily R1
Support 1 18.5383 Daily S1
Support 2 18.4886 Daily S2

USDTRY Indicator Table - 16/11/2022

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

USDTRY Indicator / Period Table - 16/11/2022

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

USDTRY 16/11/2022 - Reference Price : 18.6086

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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