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Weekly forecast Maker technical chart
Symbol MKRUSD
Trade Setup

#MKRUSD
Total Profit: 0 point (0%)
Closed trade(s): 0 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 14 BUY trades @ 695 based on 'Valley' entry method at 2023-06-04.

Open Profit:
Profit for one BUY trade is 695(current price) - 695(open price) = 0 point (0%)
14 trade(s) still open, therefore total profit for open trade(s) is 0 (0%) x 14 = 0 point (0%)

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.

DateJune 4, 2023 - 15:53
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 502, beginning of uptrend is expected.
  • We make sure when the resistance at 819 breaks.
  • If the support at 502 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 602 on 05/25/2023, so more gains to resistance(s) 734 and maximum to Major Resistance (819) 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. 734
  2. 819
  3. 980
  4. 1151
  5. 1383
  6. 1630
  7. 2133
  8. 2511
  9. 2756
  10. 3316
  11. 4016
  12. 5533
  13. 6348
Click on the level to view price action history.

Symbol Released Current Forecast
Maker (MKRUSD) Sat, 23 Mar 2024
Maker (MKRUSD) Sun, 17 Mar 2024
Maker (MKRUSD) Sun, 10 Mar 2024
Maker (MKRUSD) Sun, 3 Mar 2024
Maker (MKRUSD) Sat, 24 Feb 2024