During today’s Asian trading session, the U.S. Dollar saw an upward trajectory against the Turkish Lira, surpassing the 32.400 mark. This movement highlights a notable performance in the currency exchange market, where the Turkish Lira faced depreciation amidst a lack of significant economic announcements from Turkey. Conversely, the market is poised for potential shifts with upcoming Consumer Confidence data from the United States. Investors have been keenly observing these trends, and many have leveraged AI technologies to predict such market behaviors effectively. Remarkably, users of this advanced forecasting technology have reported a 34% Return on Investment within the last 24 hours by capitalizing on these fluctuations autonomously. For further details on this AI technology and its impact on investment strategies, please visit this link.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 30/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.6566 | Daily R2 |
| Resistance 1 | 32.5641 | Daily R1 |
| Support 1 | 32.3173 | Daily S1 |
| Support 2 | 32.2248 | Daily S2 |
USDTRY Indicator Table – 30/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Buy |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USDTRY Indicator / Period Table – 30/04/2024
| 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 30/04/2024 – Reference Price : 32.4318
| SELL | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (2)Sell (1) |
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
