| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
Yesterday, the USD/TRY currency pair raised to the resistance level formed by the monthly R2 at 7.0035. Currently, the pair was testing the given resistance.
If the predetermined level holds, it is likely that a reversal south could occur, and the exchange rate could trade downwards in the nearest future. Note that the rate could gain support from the monthly PP at 6.8088.
Otherwise, it is likely that the currency pair could continue to extend gains in the medium term. In this case pair could face the resistance level—the monthly R3, located at 7.1236.