Currency pair US Dollar to Turkish Lira USD/TRY is trading at 3.5300. 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/Turkish Lira. It is expected to test the area of signal lines near the level of 3.5460, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 3.5020.
USD/TRY forecast Turkish Lira on June 2, 2017
Earlier, a strong signal was received for the sale of the currency pair US Dollar to Turkish Lira USD/TRY, due to the crossing of the signal lines at the level of 3.5620. 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 quotations above the area of 3.5660, 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 3.5080.
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