Indicator | 1D | 1W | 1M |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Buy | Sell |
Alligator (13; 8; 5) | Buy | Buy | Sell |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇘ | ⇒ |
The American Dollar is losing value against the Turkish Lira in the short-term descending channel. Formation of the channel began after the currency exchange rate left the double top pattern in the downward direction. For the moment, the pair is trading right below the weekly PP at 3.5081. It seems that the rate will try to touch the upper trend-line and make a third confirmation. Since there are no barriers on its way, the pair most probably is going to succeed to do that. On the other hand, if the pair fails to bypass the weekly pivot point, it will fall until the combined support level consisting of the monthly S1 at 3.4856 and 200-period SMA at 3.4873.