Quotes currency pair US dollar to Turkish lira USD TRY able to update the multi-year highs and finished the trading week above the 3.05 level. It is possible on such a course of Turkish Lira in the currency market could have events that take place in Turkey, however, based on a technical analysis of the daily chart of USD TRY pair quotes have not reached the lower boundary of the triangle pattern, indicating a potential break of the upper limit.
USD TRY forecast Dollar to Turkish Lira July 25, 2016 — July 29, 2016
As you can see, the quotes Turkish Lira broke through the upper limit of the model and can be expected to attempt continuation of growth of pair within the working out of such a model. But do not rule out an attempt to test the breached border model, and only then to expect continuation of the upward movement on the pair USD TRY.
USD TRY forecast Dollar to Turkish Lira July 25, 2016 — July 29, 2016 test involves the upper boundary of the triangle model and continued growth within the mining potential of this model to aim higher than 3.38, against the background of the general instability in the country is quite possible.
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