| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
At the beginning of November, the USD/TRY currency pair reversed south from the psychological level at 8.6000.
Given that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 8.0140/8.1720 range. In this case the rate could gain support from the Fibonacci 23.60% retracement at 7.3562.
In the meantime, it is unlikely that bulls could prevail in the market, as the currency pair could exceed the predetermined psychological level.