Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Sell | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇗ |
The USD/TRY currency pair has been trading in a descending triangle since the end of August.
As apparent on the chart, a breakout from the pattern might occur in the nearest future. From the theoretical point of view, the pair should go downwards the support cluster formed by a combination of the weekly and monthly S1, as well the Fibonacci 38.20% in the 5.7727/5.8682 range.
It is the unlikely case that some bullish pressure still prevails in the market, the US Dollar should not exceed the psychological level at 6.2000.