The currency pair US Dollar against the Turkish Lira USD/TRY continues to move within a bearish correction. At the time of publication of the forecast, the US Dollar rate for the Turkish Lira is 6.53. At this point, we should expect an attempt to test the bottom of the uplink near the area of 6.17 and continue the growth of the pair in the area above the level of 7.65.
USD/TRY forecast Turkish Lira August 15, 2018
In favor of the growth of quotations of Turkish Lira will test the trend line on the indicator of relative strength index (RSI). Cancellation of the USD/TRY growth scenario on Forex will be the fall and breakdown of the area 5.90, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the fall of quotations in the area below the level of 5.65. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of the USD/TRY pair quotations above the level of 6.75.
USD/TRY forecast Turkish Lira August 15, 2018 involves trying to test the support area near the level of 6.17 and continuing growth in the area above the level of 7.65, an additional signal in favor of the pair’s growth at Forex will test the support line on the indicator of relative strength index (RSI).