Market Analysis
ADAUSD weekly recap: Cardano slides to 0.1821, week of 2026-08-10
ADAUSD opened at 0.1939 and closed at 0.1821, a drop of roughly 6.1% as sellers pressed the range lower all week.
2 min readUSDTRY opened Monday at 47.688 and closed Friday at 47.870. The week's high was 47.885, printed Thursday, and the low was 47.615 on Monday. That is a net move of roughly 182 pips higher for the dollar against the lira, about 0.38 percent. The pair spent most of the week grinding up in small steps rather than trending on a single catalyst.
There were no high-impact Turkish data releases on the calendar this week, so the drift higher reflected the pair's ongoing carry dynamics rather than a fresh shock. Price sat in a tight band near 47.72 to 47.75 through Wednesday before Thursday's push to 47.879 opened the second half of the range.
The broader dollar tone showed up elsewhere. The PBOC set its USD/CNY reference rate weaker than the Reuters estimate, a signal that policymakers were tolerating a softer yuan fix. Emerging market currency crosses tend to move in sympathy when the dollar side firms, and the lira followed that same direction this week.
The bundle carries no scheduled high-impact events for USDTRY in the coming week. With a light calendar, price action is more likely to track dollar flows and any headline risk around Turkish rate policy. If a hotter than expected inflation surprise appears, the typical reaction is renewed lira weakness and a higher USDTRY. If Turkish data cools or the central bank signals a firmer stance, the usual response is a pullback in the pair. Watch the dollar leg too, since moves in EUR/USD often set the tone for the wider dollar complex.
The week's high at 47.885 sits just below the round 48.00 handle. If price closes above 47.885, that 48.00 level is the next obvious area, and a rejection there puts the mid-range near 47.75 back in play. On the downside, Monday's low at 47.615 is the first support. A break under it opens the door back toward the 47.60 area that held all week.
Byline: LHFX Research
You can follow the pair and set your own levels with an LHFX account.
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
