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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5.6665 to 5.6290). 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 (5.6665)
    • Support on 08/16/2018
    • Support on 10/16/2018
    • Support on 10/24/2018
    • Resistance on 10/26/2018
    • Resistance on 01/03/2019
    • 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 04/11/2019
    • Support on 06/05/2019
    • Resistance on 07/03/2019
    • Support on 07/12/2019
    • Support on 07/17/2019
    • Resistance on 07/19/2019
    • Support on 07/23/2019
    • Support on 07/25/2019
    • Resistance on 07/29/2019
    • Resistance on 08/19/2019
    • Support on 09/06/2019
    • Support on 09/18/2019
    • Support on 09/19/2019
    • Support on 09/24/2019
    • Resistance on 09/30/2019
    • Support on 11/19/2019
    • Support on 11/20/2019
  • Ending of entry zone (5.6290)
    • Support on 08/16/2018
    • Support on 10/22/2018
    • Resistance on 10/26/2018
    • 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 07/01/2019
    • Support on 07/02/2019
    • Resistance on 07/04/2019
    • Resistance on 07/05/2019
    • Support on 07/22/2019
    • Support on 07/26/2019
    • Resistance on 07/30/2019
    • Resistance on 07/31/2019
    • Resistance on 08/01/2019
    • Resistance on 08/05/2019
    • Resistance on 08/13/2019
    • Resistance on 08/14/2019
    • Support on 08/20/2019
    • Support on 09/30/2019
    • Support on 10/01/2019

DateAugust 15, 2020 - 18:12
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 7.00000 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 6.7940 on 07/23/2020, so more gains to resistance(s) 7.3700, 7.6600 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 73.

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, 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