| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
Since the end of November, the USD/TRY currency pair has been testing the resistance provided by the 200-period moving average near 8.0000.
If the predetermined resistance holds, it is likely that some downside potential could prevail in the market. The exchange rate could target the support level formed by the Fibo 23.60% at 7.3562.
In the meantime, note that the rate could gain support from the 55– and 100-period moving averages near 7.8500. Thus, bulls could prevail in the market, and the pair could target the psychological level at 8.6000.