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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (7.0000 to 6.8935). 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 (7.0000)
  • Ending of entry zone (6.8935)

DateDecember 4, 2021 - 22:02
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 8.78250 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 11.7861 on 11/25/2021, so more gains to resistance(s) 13.8682 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 82.

Take Profits:

  1. 7.2314
  2. 7.5000
  3. 8.0415
  4. 8.5750
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