Currency pair US Dollar to Turkish Lira USD/TRY is trading at 3.5618. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair US Dollar to Turkish Lira. Ichimoku Kinko Hyo Cloud test is expected near the level of 3.5620, from which it is expected to try to grow and develop the bullish trend for the pair near the level of 3.6200.
USD/TRY forecast Turkish Lira on May 16, 2017
Earlier, a weak signal was received for the sale of the pair US Dollar to Turkish Lira, due to the crossing of the signal lines at the level of 3.5814. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 3.5500, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/TRY stands with the breakdown of the local maximum area at the level of 3.6000.
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