In today’s Asian market session, the US Dollar saw an uptick against the Turkish Lira, surpassing the 32.000 mark.
No significant economic updates are expected from Turkey today. However, attention is directed towards the United States, where the Services Purchasing Managers’ Index (PMI) data is due for release.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.2212 | Daily R2 |
| Resistance 1 | 32.1131 | Daily R1 |
| Support 1 | 31.8245 | Daily S1 |
| Support 2 | 31.7164 | Daily S2 |
USDTRY Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Neutral |
USDTRY Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Buy | Sell | Sell |
| SMA 20 | Sell | Buy | Buy |
USDTRY 03/04/2024 – Reference Price : 31.9753
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (1)Sell (1) |