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Weekly forecast Polygon technical chart
Symbol MATICUSD
Trade Setup

#MATICUSDT
Total Profit: 1113 pip (77%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 1113 pip Profit (77%)

Trade Setup:
We opened 7 BUY trade(s) @ 1.467 based on 'Valley & Price Rejection from Major Support' entry method at 2022.03.16.

Open Profit:
Profit for one trade is 1.626(current price) - 1.467(open price) = 159 pip (11%)
7 trade(s) still open, therefore total profit for open trade(s) is 159 (11%) x 7 = 1113 pip (77%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMarch 24, 2022 - 15:58
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.3808, resumption of uptrend is expected.
  • We make sure when the resistance at 1.8948 breaks.
  • If the support at 1.3808 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.306 on 2022-01-24 and the trough at 1.245 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 1.33000 on 03/15/2022, so more gains to resistance(s) 1.70139 and maximum to Major Resistance (1.89480) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 59.

Take Profits:

  1. 0.94500
  2. 1.03500
  3. 1.21000
  4. 1.38078
  5. 1.70139
  6. 1.89480
  7. 2.09981
  8. 2.44000
  9. 2.70000
  10. 2.92500
Click on the level to view price action history.

Symbol Released Current Forecast
Polygon (MATICUSD) Fri, 22 Mar 2024
Polygon (MATICUSD) Sun, 17 Mar 2024
Polygon (MATICUSD) Sun, 10 Mar 2024
Polygon (MATICUSD) Mon, 4 Mar 2024
Polygon (MATICUSD) Sun, 25 Feb 2024