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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup

#USDTRY
Total Profit: 39122 pip
Closed trade(s): 19500 pip Profit
Open trade(s): 19622 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 7.1585 based on 'Valley' entry method at 2021.02.24.

Closed Profit:
TP1 @ 7.2675 touched at 2021.02.25 with 1090 pip Profit.
TP2 @ 7.5000 touched at 2021.03.04 with 3415 pip Profit.
TP3 @ 7.7750 touched at 2021.03.09 with 6165 pip Profit.
TP4 @ 8.0415 touched at 2021.03.22 with 8830 pip Profit.
1090 + 3415 + 6165 + 8830 = 19500 pip

Open Profit:
Profit for one trade is 8.1395(current price) - 7.1585(open price) = 9811 pip
2 trade(s) still open, therefore total profit for open trade(s) is 9811 x 2 = 19622 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 7.77500 is broken, we will close open trades.
DateApril 10, 2021 - 11:58
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 7.77500 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 7.77500 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 8.4475 on 03/30/2021, so more losses to support(s) 8.0415 and minimum to Major Support (7.7750) 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 65.

Take Profits:

  1. 7.2675
  2. 7.5000
  3. 7.7750
  4. 8.0415
  5. 8.5750
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.