| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The USD/TRY currency pair has been trading upwards since the beginning of March after it re-tested the support level—the monthly S1 at 6.0479. The pair has already exceeded the 6.4500 level.
From the one hand, it is likely that the exchange rate could gain support from the monthly R2 at 6.4467 and continue to trade upwards. Important level to look out for is the monthly R3 at 6.6361.
However, note that the currency pair would have to surpass the weekly R2 at 6.5080. If the given level holds, it is likely that a reversal south could occur, and the pair could re-test the monthly S1.