| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The US Dollar has been appreciating against the Turkish Lira since the beginning of December when the currency pair breached the falling wedge pattern. This movement has been bounded in the ascending channel.
Technical indicators suggest that the pair is located in the oversold territory, thus, it is likely that the exchange rate targets the upper channel line located in the 5.6350/5.6800 range within following sessions.
However, this advance might not be immediate as the currency pair has to surpass the 55-, 100– and 200-hour SMAs, currently located circa the 5.4600 mark. Thus, the rate might re-test the lower channel line at 5.3500.