USD/TRY 4H Chart: Short term decline in progress

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇒ ⇗

[ANNOUNCE]The US Dollar is one of the many currencies, which are gaining strength against the Turkish Lira.[/ANNOUNCE] Although the most patterns are similar on the pairs that involve the currency of Turkey, there are minor differences. 

In regards to the USD/TRY currency exchange rate the most notable difference is the fact that the pair is a the moment trading in a junior channel down pattern. The pattern is set to guide the currency pair down to the support of the most dominant pattern near the 3.90 mark. 

Afterwards a continuation of the long term surge can be expected.

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