Currency pair US Dollar to Turkish Lira USD/TRY completes trading week at the level of 3.5874. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the US Dollar Turkish Lira pair. Ichimoku Kinko Hyo Cloud near the level 3.6560 is expected to be tested, from which it is expected to try to fall and develop the bearish trend for the pair US Dollar Turkish Lira near the level of 3.4750.
USD/TRY forecast Turkish Lira on May 15 — 19, 2017
Earlier, a strong signal was received for the sale of the US Dollar pair of Turkish Lira, due to the intersection of signal lines at the level of 3.6540. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 3.7030, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations USD/TRY stands with the breakdown of the local minimum area at the level of 3.5200.
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