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 01/11/2024

Fundamental analysis

01 November, 2024

The US Dollar pushed higher against the Turkish Lira during the Asian session, above 34.300 levels.

The volatile pair increased and recorded a nine week high in the Asian session. In Turkey, Manufacturing PMI data for October will be released (07:00 GMT). In the United States, Nonfarm Payrolls and Unemployment Rate for October 108k exp and 4.1% respectively, will be released (12:30 GMT), Manufacturing PMI data for October (47.8 exp) will also be released (13:45 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 01/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 01/11/2024

Support & Resistance Level Explanation
Resistance 2 34.3646 Daily R2
Resistance 1 34.3404 Daily R1
Support 1 34.2756 Daily S1
Support 2 34.2514 Daily S2

USDTRY Indicator Table - 01/11/2024

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

USDTRY Indicator / Period Table - 01/11/2024

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

USDTRY 01/11/2024 - Reference Price : 34.30807

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