| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
After a breakout of a three-month channel mid-February, the USD/TRY exchange rate has been moving in a diminished trading range.
A test of the 200– and 100-hour SMAs and the weekly PP circa 3.80 early today was followed by a strong surge which sent the US Dollar 0.84% higher against the Lira. This movement resulted in a breakout of the upper trend-line. It is expected that gains are capped near the 3.85 mark today where the weekly R2, the monthly R1 and the 50.00% Fibonacci retracement are located.
In general, it seems that the Greenback could continue appreciating against the Lira, setting the upper boundary of the prevailing ascending channel and the 61.80% Fibo as a possible upside target during the following two weeks.