During today’s Asian trading hours, the US Dollar observed a modest increase against the Turkish Lira, consistently holding above the 32.200 mark. In the current session, Turkey has not scheduled the release of any pivotal economic indicators that could sway the currency’s performance. Meanwhile, investors are keenly awaiting the release of the Initial Jobless Claims data from the United States, which could provide fresh insights into the labor market’s health and potentially influence market sentiments.
This kind of data-driven analysis benefits significantly from advanced AI tools that can parse vast datasets to predict market trends effectively. Notably, individuals utilizing such AI capabilities have reported exceptional outcomes, such as achieving a 34% Return on Investment within just 24 hours by capitalizing on these predictive insights in autopilot mode. Explore more about leveraging AI in financial forecasting.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 09/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.4785 | Daily R2 |
| Resistance 1 | 32.3930 | Daily R1 |
| Support 1 | 32.1652 | Daily S1 |
| Support 2 | 32.0797 | Daily S2 |
USDTRY Indicator Table – 09/05/2024
| 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 – 09/05/2024
| 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 09/05/2024 – Reference Price : 32.2599
| SELL | Simple Moving AverageBuy (0)Sell (3)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
