During today’s Asian trading session, the US Dollar exhibited a slight increase against the Turkish Lira, surpassing the 32.200 threshold. The financial markets are closely watching this pairing as Turkey has not scheduled any significant economic announcements for the day. Meanwhile, all eyes are on the United States, where the Consumer Price Index (CPI) data is expected to be released, a key indicator that could influence global currency dynamics.
In the context of predictive analytics, it is noteworthy that investors leveraging advanced AI tools have seen substantial benefits. Specifically, individuals utilizing a sophisticated AI forecasting system have been able to navigate the market effortlessly, achieving an impressive 34% Return on Investment over the last 24 hours. This kind of technology allows for a proactive approach to market shifts, essentially putting market forecasting on autopilot. Explore more about this AI technology.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 15/05/2024
Support & Resistance | Level | Explanation |
Resistance 2 | 32.3927 | Daily R2 |
Resistance 1 | 32.3405 | Daily R1 |
Support 1 | 32.2013 | Daily S1 |
Support 2 | 32.1491 | Daily S2 |
USDTRY Indicator Table – 15/05/2024
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Sell |
MACD( 12;26;9) | Buy |
RSI (14) | Buy |
Stochastic ( 9;6;3) | Sell |
USDTRY Indicator / Period Table – 15/05/2024
Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Buy | Sell | Sell |
SMA 20 | Buy | Buy | Buy |
USDTRY 15/05/2024 – Reference Price : 32.2764
BUY | Simple Moving AverageBuy (2)Sell (1)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
![](https://i0.wp.com/tresorfx.com/wp-content/uploads/2024/03/profits.png?resize=1024%2C779&ssl=1)