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
Time Frame: 1 hour
USDTRY Support & Resistance Table – 12/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.4979 | Daily R2 |
| Resistance 1 | 32.4217 | Daily R1 |
| Support 1 | 32.2185 | Daily S1 |
| Support 2 | 32.1423 | Daily S2 |
USDTRY Indicator Table – 12/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Buy |
USDTRY Indicator / Period Table – 12/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| SMA 20 | Buy | Buy | Buy |
USDTRY 12/04/2024 – Reference Price : 32.3289
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (0) |
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