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 03/10/2024

Fundamental analysis

03 October, 2024

The US Dollar edged lower against the Turkish Lira during the Asian session, above 34.200 levels.
The pair was slightly lower but the long term uptrend continued in the Asian session. The USD/TRY is not far from an all time high, but traded at a one week high yesterday, as traders look forward to important inflation data. In Turkey CPI Inflation data for September (48.3%) will be posted (08:00 GMT+1). In the United States, Initial Jobless Claims data (221k expected) will be released (13:15 GMT+1). US Global Services PMI for September (55.4 exp) will be posted (14:45) and ISM Non Manufacturing PMI for September (51.6 exp) will be released (15:00).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 03/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 03/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3052 Daily R2
Resistance 1 34.2680 Daily R1
Support 1 34.1688 Daily S1
Support 2 34.1316 Daily S2

USDTRY Indicator Table - 03/10/2024

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

USDTRY Indicator / Period Table - 03/10/2024

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

USDTRY 03/10/2024 - Reference Price : 34.1997

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Turkish Lira Chart
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