| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Last week, the USD/TRY currency pair surpassed the Fibonacci 38.20% retracement located at the 5.8128 mark.
Currently, the pair is trading above the weekly R2 at 5.9373. The exchange rate is supported by the 55-, 100– and 200-hour SMAs, as well the monthly R1 in the 5.8193/5.8660 range. Thus, it is expected, that some upside momentum prevails in the market. A possible upside target is the Fibonacci 23.60% retracement at 6.2973.
It is unlikely, that bears could prevail in the market, and the US Dollar could drop lower than the 5.4213, where the Fibonacci 50.00% retracement is located.