Currency pair US Dollar to Turkish Lira USD/TRY is trading at the level of 3.6657. 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 3.6770, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 3.6200.
Ichimoku Kinko Hyo USD/TRY prediction on April 18, 2017
Earlier, a weak signal was received for the sale of the US dollar pair Turkish Lira, due to the intersection of the signal lines at the level of 3.7100. 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 3.7000, 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 3.6300.
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