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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup
#USDTRY
Total Profit: 62585 pip
Closed trade(s): 62585 pip Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 7.7736(current price) - 5.7379(open price) = 20357 pip
1 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 20357 x 1 = 20357 pip

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
DateNovember 14, 2020 - 21:58
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 7.26750, resumption of uptrend is expected.
  • We make sure when the resistance at 8.57500 breaks.
  • If the support at 7.26750 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 57 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 8.5709 on 11/06/2020, so more losses to support(s) 7.4565, 7.3975 and minimum to Major Support (7.2675) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

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.