| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The American Dollar is trading against the Turkish Lira in short-term descending channel that represents a continuation of the general formed downtrend one month ago.
The 0.76% depreciation of the Greenback yesterday, basically, helped the currency pair to make a second reaction low and, thus, confirmed an existence of the channel.
In the meantime, this downfall might be also interpreted as a breakout from a falling wedge In any case, the exchange rate made a successful rebound and now faces no barriers that might obstruct its way to the top towards the weekly S1 at 3.5078.
But before that it might also quickly fall to the weekly S3 and then resume the surge.