| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
[ANNOUNCE]The US Dollar has appreciated substantially against the Turkish Lira during the past few months. The bullish momentum has been steered by an ascending channel since September 12, 2017.[/ANNOUNCE]
The USD/TRY exchange rate has breached a resistance cluster set by the weekly and the monthly pivot points near 3.9737 where the upper trend-line is located.
Everything being equal, analysts project the target for the currency exchange rate is likely to be the weekly R1 at 4.0478. However, a corrective move south is expected during the following trading sessions. Meanwhile, technical indicators suggest the rally could continue until the pair reaches the aforementioned resistance.