During today’s Asian trading session, the US Dollar experienced a noticeable increase against the Turkish Lira, surpassing the 32.400 threshold. This movement in the currency pair highlights a day of muted economic announcements, with neither Turkey nor the United States scheduled to release any pivotal economic data.
Investors are keeping a close eye on broader market dynamics that might influence currency valuations, including geopolitical developments and global economic indicators. In the absence of direct economic data, such factors often play a more significant role in shaping market sentiments.
Moreover, it’s noteworthy that individuals leveraging cutting-edge artificial intelligence for market analysis have seen remarkable success. Utilizing these advanced technologies, some investors have managed to not only track but also capitalize on currency fluctuations effectively, achieving an impressive 34% return on investment within just the last 24 hours. For further details, explore this insightful analysis.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 29/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.5233 | Daily R2 |
| Resistance 1 | 32.4494 | Daily R1 |
| Support 1 | 32.2522 | Daily S1 |
| Support 2 | 32.1783 | Daily S2 |
USDTRY Indicator Table – 29/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Buy |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
USDTRY Indicator / Period Table – 29/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Sell | Sell | Sell |
| SMA 20 | Sell | Buy | Buy |
USDTRY 29/04/2024 – Reference Price : 32.4307
| SELL | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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