Currency pair US Dollar to Polish Zloty USD/PLN is trading at 3.8521. The pair is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair US Dollar to Polish Zloty. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 3.8550, where one should expect a fall in the pair’s quotations and further development of the bearish trend near the level of 3.7900.
USD/PLN forecast Polish Zloty on May 16, 2017
Earlier, a weak signal was generated for the buy of the pair US Dollar to Polish Zloty, due to the crossing of the signal lines at the level of 3.8475. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 3.8800, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the USD/PLN quotes falling with the breakdown of the local minimum area at the level of 3.8050.
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