EUR/TRY 4H Chart: Adjusting of patterns

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇘ ⇒ ⇒

[ANNOUNCE]Due to a request Dukascopy analytics are doing another review of the EUR/TRY pair. In general, the large scale situation has not changed at all. However, there are some notable developments. [/ANNOUNCE]

The junior pattern of the four hour chart has been broken in a medium scale decline. Although, due to the close by support of a dominant channel up pattern the decline is not likely going to continue long.

It is highly possible that the support will hold its ground until the 100-period SMA approaches the trend line and forces the rate higher.

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