| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar has been depreciating against the Turkish Lira since the beginning of September. This movement has been bounded in a falling wedge.
Currently, the currency pair is testing the upper wedge line at 5.2620. If given pattern does not hold, it is likely that a breakout north occurs in the nearest future, and the pair targets the Fibonacci 38.20% retracement at 5.8128.
Otherwise, a reversal south occurs within following sessions, and the general direction is expected to remain south. Potential downside target is the Fibonacci 61.80% retracement at 6.0208.