Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 15/01/2025

Fundamental analysis

15 January, 2025

The US Dollar increased against the Turkish Lira during the European session, trading above 35.489 levels.

The USD/TRY is maintaining its price level after it pushed higher and recorded another all time high earlier today, as the overheated Turkish economy continues to suffer from high inflation. In Turkey, Budget Balance data for December got released today and it came out at -829.20B, which is a major difference from the previous results of -16.65B from last month. In the US, Year on Year CPI Inflation data for December (2.9% expected) will be released (13:30 GMT).

Technical analysis

Time Frame: 1 hour

USDTRY Support & Resistance Table - 15/01/2025

Support & Resistance	Level	Explanation
Resistance 2	35.5537	Daily R2
Resistance 1	35.5212	Daily R1
Support 1	35.4344	Daily S1
Support 2	35.4019	Daily S2

USDTRY Indicator Table - 15/01/2025

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

USDTRY Indicator / Period Table - 15/01/2025

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

USDTRY 15/01/2025 - Reference Price : 35.4803

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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