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.
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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) |
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