In today’s Asian market session, the US Dollar has seen a modest increase against the Turkish Lira, positioning itself above the 32.300 mark. This shift occurs in a quiet data environment, with Turkey not scheduled to release any significant economic reports today. Similarly, the United States calendar remains clear of major data releases. Amidst this data lull, investors are increasingly turning to advanced analytical tools. Notably, a sophisticated AI has been instrumental for many in predicting market movements, allowing users to efficiently navigate the volatility and secure a notable 34% Return on Investment (ROI) within the last 24 hours. Explore more about this AI technology.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 07/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.5200 | Daily R2 |
| Resistance 1 | 32.4136 | Daily R1 |
| Support 1 | 32.1218 | Daily S1 |
| Support 2 | 32.0124 | Daily S2 |
USDTRY Indicator Table – 07/05/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USDTRY Indicator / Period Table – 07/05/2024
| 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 07/05/2024 – Reference Price : 32.2949
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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