Currency pair US Dollar to Turkish Lira USD/TRY is trading at 3.5803. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the USD/TRY pair. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 3.5820, from which one should expect an attempt to fall and develop a bearish tendency for a pair near the level of 3.5320.
USD/TRY forecast Turkish Lira on May 30, 2017
Earlier, a weak signal was received for purchases of the US Dollar to Turkish Lira, due to the crossing of signal lines at the level of 3.5656. 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 3.5990, 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 3.5410.
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