The currency pair US Dollar to Turkish Lira USD/TRY is trading at 3.6735. The pair is testing the lower boundary of the Iсhimoku Cloud. An insignificant correction is expected near the level of 3.6800, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 3.6400.
Ichimoku Kinko Hyo USD/TRY forecast on April 14, 2017
Earlier, a weak signal was received for the sale of the US dollar pair Turkish Lira, due to the intersection of signal lines at the level of 3.7200. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 3.7100, 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 3.6650.
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