Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 23/04/2025

Fundamental analysis

23 April, 2025

The US Dollar rose against the Turkish Lira during the European session, trading above 38.2500 levels.

The USD/TRY volatile currency pair traded higher in the European session, hitting more than fresh one month highs, as political and monetary instability is lowering the trust in the Turkish lira. In Turkey, no new relevant data will be posted today. In the US, Global Manufacturing PMI (49.0 exp) and Global Services PMI for April (52.8 exp) will be posted (14:45 GMT+1) and New Homes Sales data for March (682k exp) will be released (15:00 GMT+1).

Technical analysis

Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/04/2025

Support & Resistance	Level	Explanation
Resistance 2	38.4282	Daily R2
Resistance 1	38.3683	Daily R1
Support 1	38.2087	Daily S1
Support 2	38.1488	Daily S2

USDTRY Indicator Table - 23/04/2025

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

USDTRY Indicator / Period Table - 23/04/2025

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 23/04/2025 - Reference Price : 38.2864

Buy

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

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US Dollar - Turkish Lira Chart

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