CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 16/10/2024

Fundamental analysis

16 October, 2024

The US Dollar climbed against the Turkish Lira during the Asian session, above 34.200 levels.

The USD/TRY saw much volatility yesterday but has resumed its upward trend in today’s session as concerns over high inflation continued to weaken the Lira. In Turkey no data is due to be posted today. In the United States, Export and Import Price Index data for September will be posted (13:30 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/10/2024

Support & Resistance Level Explanation
Resistance 2 34.3321 Daily R2
Resistance 1 34.2858 Daily R1
Support 1 34.1625 Daily S1
Support 2 34.1162 Daily S2

USDTRY Indicator Table - 16/10/2024

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

USDTRY Indicator / Period Table - 16/10/2024

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

USDTRY 16/10/2024 - Reference Price : 34.2242

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