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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup
#USDTRY
Total Profit: 60357 pip
Closed trade(s): 42228 pip Profit
Open trade(s): 18129 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 5.7379 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.
TP6 @ 6.4820 touched at 2020.03.17 with 7441 pip Profit.
TP7 @ 6.7200 touched at 2020.04.03 with 9821 pip Profit.
TP8 @ 7.1200 touched at 2020.05.06 with 13821 pip Profit.
256 + 1161 + 1806 + 2856 + 5066 + 7441 + 9821 + 13821 = 42228 pip

Open Profit:
Profit for one trade is 7.5507(current price) - 5.7379(open price) = 18129 pip
1 trade(s) still open, therefore total profit for open trade(s) is 18129 x 1 = 18129 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 7.2675 is broken, we will close open trades.

DateSeptember 19, 2020 - 21:49
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 7.2675 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 7.2675 is broken.

Technical analysis:

  • A trough is formed in daily chart at 6.7940 on 07/23/2020, so more gains to resistance(s) 7.6600, 8.0000 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 74.

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) new Sat, 24 Oct 2020
US Dollar / Turkish Lira (USDTRY) free Sat, 17 Oct 2020
US Dollar / Turkish Lira (USDTRY) Sat, 10 Oct 2020
US Dollar / Turkish Lira (USDTRY) free Sat, 3 Oct 2020
US Dollar / Turkish Lira (USDTRY) free Sat, 26 Sep 2020