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

Dollar - Turkish Lira Analysis Technical analysis 15/05/2024

Time Frame: 1 hour

USDTRY Support & Resistance Table – 15/05/2024

Support & ResistanceLevelExplanation
Resistance 232.3927Daily R2
Resistance 132.3405Daily R1
Support 132.2013Daily S1
Support 232.1491Daily S2

USDTRY Indicator Table – 15/05/2024

SMA 20Buy
SMA 50Buy
SMA 100Sell
MACD( 12;26;9)Buy
RSI (14)Buy
Stochastic ( 9;6;3)Sell

USDTRY Indicator / Period Table – 15/05/2024

Indicator / PeriodDay – BuyWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)BuySellSell
SMA 20BuyBuyBuy

USDTRY 15/05/2024 – Reference Price : 32.2764

BUYSimple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (1)

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