Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Buy | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇒ |
Recent development on the USD/TRY currency exchange rate's charts have pressed for a need to review the currency pair. In general, the rate is being squeezed in from both sides, and a breakout is to be expected.
This was discovered, as the medium scale channel up pattern was adjusted and a tight level of various levels of significance was noticed near the 0.91-0.93 zone.
Meanwhile, in regards to the direction of the upcoming breakout it can be speculated that the pair will break out to the downside. That hypothesis is made due to the existence of a dominant ascending channel pattern, in accordance with which a medium term consolidation could occur.