| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar recently met with dominant resistance against the Turkish Lira just below the 4.30 mark. Due to that reason Forex market participants can expect a decline of the rate in the medium and short terms.
However, the currency pair is set to meet with various support levels throughout its decline. First will come the lower trend line of the junior ascending pattern, which guided the rate to the dominant resistance.
Afterwards, the rate is set to meet the combined support of the various SMAs and pivot points near 4.20, 4.15 and 4.07. However, the last support level is highly unlikely to be reached for.