Currency pair USD/TRY US Dollar Turkish Lira is trading at 3.7751. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar/Turkish Lira. Ichimoku Kinko Hyo Cloud is expected to test near the level of 3.7830, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 3.7130. An additional signal in favor of the fall of the pair will be a test of the lower boundary of the bullish channel.
Turkish Lira forecast USD/TRY on February 21, 2018
Earlier, a weak signal was received for the sell of the US Dollar/Turkish Lira, due to the crossing of the signal lines at the level of 3.8110. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 3.8100, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/TRY quotations falling with the breakdown of the support area and the closing below the level of 3.7305.
