| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
After reaching a new many-year high against the Turkish Lira three weeks ago, the US Dollar began depreciating in a short-term channel down.
This pattern was breached in this session due to the bullish pressure of the most senior pattern near 4.04. It is likely that the pair still tries to push higher in this session towards the monthly R1 or the aforementioned high at 4.14 and 4.18, respectively. Additional bullish signals are provided by the fact that the pair surpassed the strong resistance cluster of the 55-, 100– and 200-hour SMAs and the weekly PP today.
Meanwhile, technical indicators on the daily time-frame suggest that some medium-term decline could be under way after this short-term surge.