| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The American Dollar is losing value against the Turkish Lira in the short-term descending channel. The pattern represents a rebound of the currency exchange rate from the upper trend-line of the preceding ascending channel. Most likely the pair will continue to move in the downward direction until it encounters the support level consisting of the 61.8% Fibonacci retracement level at 3.4729 and weekly S2 at 3.4705. The relevant Fibonacci retracement levels pair are measured by connecting the 2017 high and 2016 low levels. However, it should be noted that there are a lot of fundamental US data that will be released during this week that could shake the pair and even lead to dissolution of the formation.