In today’s Asian market session, the US Dollar has seen a modest increase against the Turkish Lira, positioned above the 32.200 threshold. This slight uptick occurs in a period marked by an absence of significant economic reports from Turkey, coupled with a lack of impactful data from the United States. In the backdrop of routine market conditions, some investors have leveraged advanced AI tools to navigate the financial landscape. Notably, users of one such AI technology reported remarkable outcomes, successfully predicting market trends in autopilot mode, resulting in a substantial 34% Return on Investment within just 24 hours. Discover how this AI technology facilitated such success.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.3711 | Daily R2 |
| Resistance 1 | 32.2943 | Daily R1 |
| Support 1 | 32.0895 | Daily S1 |
| Support 2 | 32.0127 | Daily S2 |
USDTRY Indicator Table – 13/05/2024
| 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 – 13/05/2024
| 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 13/05/2024 – Reference Price : 32.2411
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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