The currency pair US Dollar to Turkish Lira USD/TRY completed the trading week at 3.6314. The pair is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the US Dollar Turkish Lira pair. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 3.6640, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 3.5000.
Ichimoku Kinko Hyo Forecast USD/TRY on April 24 — 28, 2017
Earlier, a weak signal was received for purchases of the pair US Dollar to Turkish Lira, due to the intersection of signal lines at the level of 3.6645. Cancellation of the variant of the fall will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 3.8100, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/TRY quotes with a breakdown of the local minimum area at 3.6100.
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