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Weekly forecast Maker technical chart
Symbol MKRUSD

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Trade Setup

#MKRUSDT
Total Profit: 751667 pip (308%)
Closed trade(s): 264515 pip Profit (108%)
Open trade(s): 487152 pip Profit (200%)

Trade Setup:
We opened 8 BUY trade(s) @ 2441.65 based on 'Valley' entry method at 2021.07.22.

Closed Profit:
TP1 @ 2600.15 touched at 2021.07.24 with 15850 pip Profit (6%).
TP2 @ 2946.55 touched at 2021.07.30 with 50490 pip Profit (21%).
TP3 @ 3278.95 touched at 2021.08.05 with 83730 pip Profit (34%).
TP4 @ 3586.10 touched at 2021.08.13 with 114445 pip Profit (47%).
15850 (6%) + 50490 (21%) + 83730 (34%) + 114445 (47%) = 264515 pip (108%)

Open Profit:
Profit for one trade is 3659.53(current price) - 2441.65(open price) = 121788 pip (50%)
4 trade(s) still open, therefore total profit for open trade(s) is 121788 (50%) x 4 = 487152 pip (200%)

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.
DateAugust 15, 2021 - 09:33
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 2405 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 2111.00 on 07/20/2021, so more gains to resistance(s) 4110.15, 4643.10, 6348.60 and more heights 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 65.

Take Profits:

  1. 2600.15
  2. 2946.55
  3. 3278.95
  4. 3586.10
  5. 4110.15
  6. 4643.10
  7. 6348.60
Click on the level to view price action history.
Symbol Released Current Forecast
Maker (MKRUSD) Sat, 13 Apr 2024
Maker (MKRUSD) Sat, 6 Apr 2024
Maker (MKRUSD) Sun, 31 Mar 2024
Maker (MKRUSD) Sat, 23 Mar 2024
Maker (MKRUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on MKRUSD.