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 24/04/2025

Fundamental analysis

24 April, 2025

The US Dollar increased against the Turkish Lira during the Asian session above 38.20 levels.

The USD/TRY hit another more than one month peak during the Asian session as the Turkish economy continues to grapply with high inflation and political instability. In Turkey, Consumer Confidence for April (85.9 last month) will be posted (08:00 GMT+1). In the US, Global Manufacturing PMI (49.0 exp) and Global Services PMI for April (52.8 exp) will be posted (14:45 GMT+1) and New Homes Sales data for March (682k exp) will be released (15:00 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/04/2025
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/04/2025

Support & Resistance Level Explanation
Resistance 2 38.4179 Daily R2
Resistance 1 38.3605 Daily R1
Support 1 38.2072 Daily S1
Support 2 38.1497 Daily S2

USDTRY Indicator Table - 24/04/2025

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 - 24/04/2025

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

USDTRY 24/04/2025 - Reference Price : 38.2838

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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