During today’s Asian trading session, the U.S. Dollar experienced an uptick against the Turkish Lira, surpassing the 32.300 mark. This movement occurred on a day characterized by a lack of significant economic data releases from either Turkey or the United States, contributing to a relatively subdued trading atmosphere.

The absence of fresh economic indicators often leads to reduced market volatility; however, even in these quieter periods, currency values can exhibit notable shifts based on broader global economic sentiments or anticipatory trading behaviors. Today’s rise in the U.S. Dollar highlights how even during periods of minimal data, underlying market dynamics can still drive significant currency movements.

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Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/04/2024

Time Frame: 1 hour

USDTRY Support & Resistance Table – 12/04/2024

Support & ResistanceLevelExplanation
Resistance 232.4979Daily R2
Resistance 132.4217Daily R1
Support 132.2185Daily S1
Support 232.1423Daily S2

USDTRY Indicator Table – 12/04/2024

SMA 20Buy
SMA 50Buy
SMA 100Buy
MACD( 12;26;9)Buy
RSI (14)Neutral
Stochastic ( 9;6;3)Buy

USDTRY Indicator / Period Table – 12/04/2024

Indicator / PeriodDay – BuyWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)NeutralSellSell
SMA 20BuyBuyBuy

USDTRY 12/04/2024 – Reference Price : 32.3289

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (0)

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