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 18/10/2024

Fundamental analysis

18 October, 2024

The US Dollar increased against the Turkish Lira during the Asian session, below 34.200 levels.

The currency pair jumped this morning after the Turkish Central Bank kept interest rates at 50% yesterday. In Turkey there are no major data releases scheduled today. In the United States, Building Permits data for September (1.45 mln exp) will be posted (13:30) and Fed Members Bostic and Kashkari will speak (14:30 and 15:00 respectively).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 18/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 18/10/2024

Support & Resistance Level Explanation
Resistance 2 34.2970 Daily R2
Resistance 1 34.2516 Daily R1
Support 1 34.1305 Daily S1
Support 2 34.0850 Daily S2

USDTRY Indicator Table - 18/10/2024

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

USDTRY Indicator / Period Table - 18/10/2024

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

USDTRY 18/10/2024 - Reference Price : 34.1910

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