| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
Since the end of September, the USD/TRY currency pair has been trading within a rising wedge pattern.
From a theoretical perspective, it is likely that the exchange rate could continue to increase within the given pattern within the following trading sessions. Then, a breakout south could occur.
Meanwhile, note that the currency pair is pressured by the monthly R1 at 7.9525. Therefore, a breakout south could occur sooner, and the pair could decline to the monthly S1 at 7.4254.