Currency Pair US Dollar to Turkish Lira USD/TRY is trading at 3.6431. The pair is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the Pair of the US Dollar Turkish Lira. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 3.6180, from which one should expect another test, the upper limit, near the level of 3.6500.
Ichimoku Forecast USD/TRY on April 3, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Turkish Lira, due to the intersection of signal lines at the level of 3.6170. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Cloud and the closing of quotations above the level of 3.6700, in case of breaking through the lower boundary of the Ichimoku Cloud, we should expect the continuation of the downward trend development in USD/TRY.
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