In today’s Asian market session, the US Dollar gained strength against the Turkish Lira, surpassing the 32.500 mark. This movement reflects ongoing dynamics in currency markets, where the US Dollar continues to assert its dominance.
Currently, the economic calendar for Turkey remains clear with no major reports scheduled for release today, keeping investor focus on data from other regions. Conversely, all eyes are on the United States as the Personal Consumption Expenditures (PCE) Index data is set to be published. This indicator is a significant measure of inflation, closely monitored by the Federal Reserve and could influence future monetary policy decisions.
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Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 26/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.7395 | Daily R2 |
| Resistance 1 | 32.6656 | Daily R1 |
| Support 1 | 32.4684 | Daily S1 |
| Support 2 | 32.3945 | Daily S2 |
USDTRY Indicator Table – 26/04/2024
| 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 – 26/04/2024
| 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 26/04/2024 – Reference Price : 32.5625
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (0) |
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