| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar has depreciated around 8.30% against the Turkish Lira since the beginning of 2019. The currency pair reversed from the lower boundary of the short-term descending channel located circa 5.1600.
Currently, the exchange rate is testing the upper channel line located circa 5.2900. If given channel holds, it is expected that a reversal south occurs within the following sessions, and the pair targets the lower channel boundary located in the 5.0300/5.0775 range.
Otherwise, a breakout north occurs in the nearest future. A potential upside target is the psychological level at 5.3500.