Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 24/04/2025

Fundamental analysis

24 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 monetary instability and inflation still persist in the country . In Turkey, Manufacturing Confidence for April was posted with data being lower this month than the previous month (103.2 this month vs 104.1 previous month). 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 - 24/04/2025

Support & Resistance	Level	Explanation
Resistance 2	38.4494	Daily R2
Resistance 1	38.3919	Daily R1
Support 1	38.2387	Daily S1
Support 2	38.1812	Daily S2

USDTRY Indicator Table - 24/04/2025

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 - 24/04/2025

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 24/04/2025 - Reference Price : 38.3148

Buy

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

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