Currency pair US Dollar to Turkish Lira USD/TRY is trading at 3.5159. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar/Turkish Lira. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 3.5250 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair near the level of 3.4800.
USD/TRY forecast Turkish Lira on June 14, 2017
Earlier, a medium strength signal was received for the sale of the pair US Dollar to Turkish Lira, due to the crossing of the signal lines at the level of 3.5330. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 3.5390, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/TRY quotes with a breakdown of the local minimum area at 3.4890.
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