Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 12/11/2024

Fundamental analysis

12 November, 2024

The US Dollar increased against the Turkish Lira during the Asian session, above 34.300 levels.

The currency pair jumped higher in an important week for Turkey, in terms of economic data releases. In Turkey, Retail Sales data for September will be posted. In the United States, Fed Members Waller (15:00 GMT), Kashkari (19:00 GMT) and Harker (22:00 GMT) will speak today.

Technical analysis

Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/11/2024

Support & Resistance	Level	Explanation
Resistance 2	34.4704	Daily R2
Resistance 1	34.4253	Daily R1
Support 1	34.3050	Daily S1
Support 2	34.2599	Daily S2

USDTRY Indicator Table - 12/11/2024

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 - 12/11/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

USDTRY 12/11/2024 - Reference Price : 34.3652

Buy

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

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