The currency pair US Dollar against the Turkish Lira USD/TRY continues to move in the framework of the decline. At the time of publication of the forecast, the course of the US Dollar to the Turkish Lira is 5.51. At the moment, we should expect an attempt to test the support level near the 5.45 area and continue the pair’s growth to the area above the level of 5.75.
USD/TRY forecast Turkish Lira November 1, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the growth of quotes of the Turkish Lyra. Cancellation of the growth option for USD/TRY on Forex will be a fall and a breakdown of the 5.40 area, which will indicate a breakdown of the support area and the continuation of the fall in quotes to the area below the 5.20 level. Expect confirmation of the pair’s growth with the breakdown of the upper boundary of the downward channel and closing of the USD/TRY quotes above the level of 5.85.
USD/TRY forecast Turkish Lira November 1, 2018 suggests an attempt to test the support area near the level of 5.45 and continue growth to the area above the level of 5.75, an additional signal in favor of the pair on Forex will be a test of the trend line on the relative strength index (RSI), canceling the growth option The US dollar against the Turkish Lira will fall and the breakdown level of 5.40.