On the technical front, the dollar pair traded flat against the Turkish lira as there was little change in the intraday bullish wedge pattern. Advertisement Looking for more market signals? Get them here! Today’s recommendation of the lira against the dollar The risk is 0.50%. Best Buy Point Entering a pending order of level 18.60. Place a stop below the 18. 5 support level to close. Move stop loss to profit zone and watch profit when price moves 50 pips. Close half of contracts at 70-pips profit and leave remaining contracts at strong resistance level at 19:00. Top selling entry points Issuing a sell order as a pending order from 19.00 level. Best stop loss points near the high 19.15. Move stop loss to profit zone and watch profit when price moves 50 pips. Close half of the contracts with a profit of 70 points and leave the remaining contracts at the support level of 18.75. The exchange rate of TRY / USD stabilized early Thursday morning. In the absence of effective information, interventions by the Turkish central bank are a balancing factor for the price of the Turkish lira, because the bank is an obstacle to the decline of the lira. Investors followed the release of the minutes of the US Federal Reserve Bank yesterday, which showed the commitment of members of the Federal Open Market Committee to tightening monetary policy. This expects the dollar to appreciate against major and emerging market currencies, which was not clearly reflected in the price of the lira offered to it by the central bank. Turkey is a kind of support to prevent this decline. The data released earlier this week came as a surprise, as inflation slowed more than expected on a year-on-year basis – in December inflation was 6 %, in November 85%. The improvement of some data in Turkey and the upcoming election, which will decide the ruling party, could show an important stability factor and possibly an increase of the Turkish lira in the coming months. TRY/USD Technical Analysis On the technical front, the dollar pair traded flat against the Turkish lira as it traded with little change in an intraday bullish wedge pattern. It settled into the same restricted trading range it had been trading in since mid-October. The dollar is currently trading above the 18.70 and 18.60 support levels against the pound. On the other hand, the pair is trading below the resistance level at 18.83, which represents the pair’s 2022 high. The pair is also trading below the 19:00 psychological resistance level. The , dollar-pound pair is also trading above the 50, 100 and 200 moving averages on the daily time frame as well as on the four-hour time frame and lower time frames, indicating a general bullish trend for the pair. . Every drop in the pair gives an opportunity to buy back. Follow the recommended numbers while maintaining capital control.