TECH Buy 03.10.2025 07:09

USD/TRY: candlestick analysis

On the four-hour chart, the price is moving within a long-term uptrend, holding in the area of 41.6914, while at the level of 41.5396, one can identify the "bullish" candlestick analysis patterns Hammer, Morning Star, which includes the Inverted Hammer figure, and Bullish Engulfing patterns. Their combination signals increasing pressure from the "bulls", and at the moment, a price gap is already forming, which is acting as a new support level. 

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy

Market sentiment

0% sell
100% buy