| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The common European currency is advancing against the Turkish Lira in a short-term ascending channel that started to form only a week.
At the moment, the pattern consists of two reaction highs and two reaction lows, which means that by the end of this or beginning of next week it might already cease to exist.
The fact that a combination of the 55-, 100- and 200-hour SMAs is located below the current market price points out on a breakout to the top.
In addition to that, this channel represents only a minor part of a larger uptrend.
This fact, in turn, indicates on further appreciation of the Euro against the Lira in the medium-term. However, in smaller perspective the surge of the rate might be temporarily constrained by the weekly and monthly R3 near 4.3120.