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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar vs. Turkish Lira technical chart
Symbol USDTRY

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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.

DateSat, 12/07/2019 - 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 vs. Turkish Lira (USDTRY) new Sat, 18 Jan 2020
US Dollar vs. Turkish Lira (USDTRY) Sat, 11 Jan 2020
US Dollar vs. Turkish Lira (USDTRY) Sat, 4 Jan 2020
US Dollar vs. Turkish Lira (USDTRY) Sat, 28 Dec 2019
US Dollar vs. Turkish Lira (USDTRY) free Sun, 22 Dec 2019