website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

Download MT4 template file

Trade Setup
#USDTRY
Total Profit: 6868 pip
Closed trade(s): 6868 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 5.7043 based on 'Valley' at 2019.07.12.

Closed Profit:
TP1 @ 5.7635 touched at 2019.08.22 with 592 pip Profit.
TP2 @ 5.8540 touched at 2019.08.26 with 1497 pip Profit.
TP3 @ 5.9175 touched at 2019.08.26 with 2132 pip Profit.
TP4 @ 5.9690 touched at 2019.08.26 with 2647 pip Profit.
592 + 1497 + 2132 + 2647 = 6868 pip

7 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 (5.6405 to 5.5690). 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 (5.6405)
    • Support on 08/16/2018
    • Resistance on 10/18/2018
    • Resistance on 10/31/2018
    • Resistance on 11/01/2018
    • Resistance on 01/03/2019
    • Resistance on 03/28/2019
    • Resistance on 03/29/2019
    • Resistance on 04/01/2019
    • Resistance on 04/02/2019
    • Resistance on 04/03/2019
    • Resistance on 04/04/2019
    • Resistance on 04/05/2019
    • Support on 06/05/2019
    • Resistance on 07/05/2019
    • Support on 07/11/2019
    • Support on 07/25/2019
    • Support on 07/26/2019
    • Support on 08/20/2019
    • Support on 09/04/2019
    • Support on 09/05/2019
  • Ending of entry zone (5.5690)
    • Support on 10/17/2018
    • Support on 10/18/2018
    • Support on 10/26/2018
    • Resistance on 10/30/2018
    • Resistance on 01/03/2019
    • Resistance on 03/26/2019
    • Resistance on 03/28/2019
    • Resistance on 03/29/2019
    • Resistance on 04/01/2019
    • Support on 07/04/2019
    • Support on 08/01/2019
    • Resistance on 08/06/2019
    • Resistance on 08/12/2019
    • Resistance on 08/13/2019
    • Support on 08/19/2019

DateSeptember 7, 2019 - 21:53
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 5.12650, beginning of uptrend is expected.
  • We make sure when the resistance at 6.23050 breaks.
  • If the support at 5.12650 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 6.0040 on 08/26/2019, so more losses to support(s) 5.6870, 5.6405, 5.5690 and minimum to Major Support (5.1265) 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 50.

Take Profits:

  1. 5.7635
  2. 5.8540
  3. 5.9175
  4. 5.9690
  5. 6.0900
  6. 6.2305
  7. 6.4820
  8. 6.7200
  9. 7.0000
  10. 7.1200
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Turkish Lira (USDTRY) free Sat, 23 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 17 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 10 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 3 Mar 2024
US Dollar / Turkish Lira (USDTRY) Sun, 25 Feb 2024