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 27/12/2024

Fundamental analysis

27 December, 2024

The US Dollar climbed against the Turkish Lira during the Asian session, above 35.200 levels.

The USD/TRY currency pair increased after hitting another record high yesterday following the Turkish Central Bank’s decision to cut interest rates by 2.5% to 47.5%. In Turkey, no data is scheduled to be posted today. In the US, Goods Trade Balance figures (-101.30 Bln exp) will be released (13:30 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 27/12/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 27/12/2024

Support & Resistance Level Explanation
Resistance 2 35.4110 Daily R2
Resistance 1 35.3485 Daily R1
Support 1 35.1816 Daily S1
Support 2 35.1191 Daily S2

USDTRY Indicator Table - 27/12/2024

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 - 27/12/2024

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

USDTRY 27/12/2024 - Reference Price : 35.2651

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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