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 27/11/2024

Fundamental analysis

27 November, 2024

The US Dollar increased against the Turkish Lira during the Asian session, above 34.600 levels.

The currency pair continued rising and hit a new all time peak in the Asian session as high inflation continued to undermine the Lira. In Turkey, there are no data releases today. In the United States, Q3 GDP figures (2.8% expected), Durable Goods orders for October (-0.8% exp) and Initial Jobless Claims data (220k exp) will be released (13:30 GMT). US PCE Price Index for October (2.7% last month) will be posted (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 27/11/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 27/11/2024

Support & Resistance Level Explanation
Resistance 2 34.7592 Daily R2
Resistance 1 34.7125 Daily R1
Support 1 34.5879 Daily S1
Support 2 34.5411 Daily S2

USDTRY Indicator Table - 27/11/2024

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

USDTRY Indicator / Period Table - 27/11/2024

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

USDTRY 27/11/2024 - Reference Price : 34.6502

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