Currency pair US Dollar Polish Zloty USD/PLN is trading at 3.7055. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair US Dollar/Polish Zloty. Ichimoku Kinko Hyo Cloud near the level 3.7370 is expected to test the bottom of the cloud, from which one should expect an attempt to drop the pair’s quotes and further develop the bearish trend near the level of 3.6560.
USD/PLN forecast Polish Zloty June 5, 2017
Earlier, a strong signal was generated for the sales of the pair US dollar Polish Zloty USD/PLN, due to the crossing of the signal lines at the level of 3.7400. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 3.7800, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/PLN quotations is with the breakdown of the local minimum area at 3.6800.