website utilities


Follow us:
+1 (646) 48 000 22 (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: 2424 pip
Closed trade(s): 256 pip Profit
Open trade(s): 2168 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 5.7379 (day close price) based on 'Valley' at 2019.11.25.

Closed Profit:
TP1 @ 5.7635 touched at 2019.11.26 with 256 pip Profit.

Open Profit:
Profit for one trade is 5.7650(current price) - 5.7379(open price) = 271 pip
8 trade(s) still open, therefore total profit for open trade(s) is 271 x 8 = 2168 pip

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.

DateDecember 7, 2019 - 20:43
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 5.1265, beginning of uptrend is expected.
  • We make sure when the resistance at 6.2445 breaks.
  • If the support at 5.1265 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • While the RSI resistance #2 at 57 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 5.9369 on 10/21/2019, so more losses to support(s) 5.7635, 5.6665, 5.6290 and minimum to Major Support (5.1265) 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 55.

Take Profits:

  1. 5.7635
  2. 5.8540
  3. 5.9185
  4. 6.0235
  5. 6.2445
  6. 6.4820
  7. 6.7200
  8. 7.1200
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Turkish Lira (USDTRY) free Sat, 19 Sep 2020
US Dollar / Turkish Lira (USDTRY) free Sat, 12 Sep 2020
US Dollar / Turkish Lira (USDTRY) Sat, 5 Sep 2020
US Dollar / Turkish Lira (USDTRY) Sat, 29 Aug 2020
US Dollar / Turkish Lira (USDTRY) Sat, 22 Aug 2020