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Weekly forecast Maker technical chart
Symbol MKRUSD
Trade Setup

#MKRUSDT
Total Profit: 2644 pip (108%)
Closed trade(s): 2644 pip Profit (108%)
Open trade(s): 0 pip Profit (0%)

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%)

4 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2129.50 to 1880.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (2129.50)
  • Ending of entry zone (1880.50)
DateSeptember 26, 2021 - 15:37
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1881, beginning of uptrend is expected.
  • We make sure when the resistance at 3924 breaks.
  • If the support at 1881 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 2132.00 on 09/24/2021, so more gains to resistance(s) 2404.50, 2600.00, 2737.50 and maximum to Major Resistance (3923.91) 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 36.

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, 21 Apr 2024
Maker (MKRUSD) Sat, 13 Apr 2024
Maker (MKRUSD) Sat, 6 Apr 2024
Maker (MKRUSD) Sun, 31 Mar 2024
Maker (MKRUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on MKRUSD.