| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The USD/TRY currency pair has been trading upwards within an ascending channel since the beginning of August.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the medium term.
In the meantime, note that the currency pair would have to exceed the psychological level at 7.4040. If the given level holds, it is likely that a reversal south could occur, and the pair could target the psychological level at 6.9000.