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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup
#USDTRY
Total Profit: 34757 pip
Closed trade(s): 11145 pip Profit
Open trade(s): 23612 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.
TP2 @ 5.8540 touched at 2019.12.16 with 1161 pip Profit.
TP3 @ 5.9185 touched at 2019.12.18 with 1806 pip Profit.
TP4 @ 6.0235 touched at 2020.02.07 with 2856 pip Profit.
TP5 @ 6.2445 touched at 2020.02.28 with 5066 pip Profit.
256 + 1161 + 1806 + 2856 + 5066 = 11145 pip

Open Profit:
Profit for one trade is 6.3282(current price) - 5.7379(open price) = 5903 pip
4 trade(s) still open, therefore total profit for open trade(s) is 5903 x 4 = 23612 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.
  • If the Midterm level 6.02350 is broken, we will close open trades.
DateMarch 14, 2020 - 22:48
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 6.02350 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 6.02350 is broken.

Technical analysis:

  • A trough is formed in daily chart at 6.0285 on 03/03/2020, so more gains to resistance(s) 6.4820, 6.7200, 7.0000 and more heights 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 75.

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 Sun, 14 Apr 2024
US Dollar / Turkish Lira (USDTRY) Sat, 6 Apr 2024
US Dollar / Turkish Lira (USDTRY) free Sat, 30 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sat, 23 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDTRY.