The currency pair US dollar to Turkish Lira USD/TRY is trading at the level of 3.7187. The pair is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the US Dollar Turkish Lira pair. The test area of signal lines near the level of 3.700 is expected, from which one should expect an attempt to grow and develop a bullish tendency for a pair near the level of 3.7700.
Ichimoku Kinko Hyo USD/TRY Forecast on April 7, 2017
Earlier, a strong signal was received for purchases of the US dollar pair Turkish Lira, due to the crossing of the signal lines at the level of 3.6490. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 3.6000, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/TRY stands with the breakdown of the local maximum area at the level of 3.7300.
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