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. 73.43% 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 28/01/2025

Fundamental analysis

28 January, 2025

The US Dollar climbed against the Turkish Lira during the Asian session, above 35.700 levels.
The USD/TRY rose gradually in the Asian session to record another all-time high as concerns over high inflation in Turkey continue to plague its economy. In Turkey, Manufacturing Confidence data for January data (100.9 exp) will be posted (07:00 GMT). In the US, New Home Sales data for December (669k expected) will be posted (15:00 GMT).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 28/01/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 28/01/2025

Support & Resistance Level Explanation
Resistance 2 35.8531 Daily R2
Resistance 1 35.8113 Daily R1
Support 1 35.6999 Daily S1
Support 2 35.6581 Daily S2

USDTRY Indicator Table - 28/01/2025

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 - 28/01/2025

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

USDTRY 28/01/2025 - Reference Price : 35.7556

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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