Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 20/03/2025

Fundamental analysis

20 March, 2025

The US Dollar rose against the Turkish Lira during the European session, trading above 37.990 levels.

The USD/TRY volatile currency pair spiked in the European session, following political and monetary instability in the country. In Turkey, Net FX Reserves data (74.26% last month) will be released (11:30 GMT). In the US, Initial Jobless Claims (224k exp) and Philadelphia Fed Manufacturing data for March (8.8 exp) will be released (12:30 GMT).

Technical analysis

Time Frame: 1 hour

USDTRY Support & Resistance Table - 20/03/2025

Support & Resistance	Level	Explanation
Resistance 2	38.6875	Daily R2
Resistance 1	38.3779	Daily R1
Support 1	37.6005	Daily S1
Support 2	37.3041	Daily S2

USDTRY Indicator Table - 20/03/2025

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

USDTRY Indicator / Period Table - 20/03/2025

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 20/03/2025 - Reference Price : 37.9992

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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