| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇗ |
The USD/TRY currency pair has been fluctuating around the 6.8000 level since the end of May.
Given that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could prevail in the market. In this case the rate could face the resistance level—the monthly PP at 6.9304.
If the given resistance level holds, it is likely that a reversal south could follow. Note that the currency pair could gain support at the 6.7000 level. If the given level holds, it is likely that the pair could continue to consolidate.