Currency pair US dollar to Turkish lira USD/TRY is trading at 3.6684. 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 3.6500 is expected, from which one should expect an attempt at growth and development of the bullish trend for the pair near the level of 3.7100.
Ichimoku USD/TRY Forecast on April 6, 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 a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 3.6100, 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 3.6800.
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