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Weekly forecast Maker technical chart
Symbol MKRUSD
Trade Setup

#MKRUSDT
Total Profit: 3904 pip (160%)
Closed trade(s): 2644 pip Profit (108%)
Open trade(s): 1260 pip Profit (52%)

Trade Setup:
We opened 8 BUY trade(s) @ 2442 based on 'Valley' entry method at 2021.07.22.

Closed Profit:
TP1 @ 2600 touched at 2021.07.24 with 158 pip Profit (6%).
TP2 @ 2946 touched at 2021.07.30 with 505 pip Profit (21%).
TP3 @ 3279 touched at 2021.08.05 with 837 pip Profit (34%).
TP4 @ 3586 touched at 2021.08.13 with 1144 pip Profit (47%).
158 (6%) + 505 (21%) + 837 (34%) + 1144 (47%) = 2644 pip (108%)

Open Profit:
Profit for one trade is 2757(current price) - 2442(open price) = 315 pip (13%)
4 trade(s) still open, therefore total profit for open trade(s) is 315 (13%) x 4 = 1260 pip (52%)

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.

DateSeptember 13, 2021 - 10:00
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1881 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A peak is formed in daily chart at 3724.00 on 09/06/2021, so more losses to support(s) 2600.00, 2404.50, 2129.50 and minimum to Major Support (1880.50) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 34.

Take Profits:

  1. 2600.00
  2. 2946.50
  3. 3279.00
  4. 3586.00
  5. 4110.00
  6. 4643.00
  7. 6348.50
Click on the level to view price action history.

Symbol Released Current Forecast
Maker (MKRUSD) new Sun, 17 Mar 2024
Maker (MKRUSD) Sun, 10 Mar 2024
Maker (MKRUSD) Sun, 3 Mar 2024
Maker (MKRUSD) Sat, 24 Feb 2024
Maker (MKRUSD) Tue, 20 Feb 2024