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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY
Trade Setup

#USDTRY
Total Profit: 87096 pip
Closed trade(s): 12974 pip Profit
Open trade(s): 74122 pip Profit

Trade Setup:
We opened 4 BUY trade(s) @ 7.1585 based on 'Valley' entry method at 2021.02.24.

Closed Profit:
TP1 @ 7.2314 touched at 2021.02.25 with 729 pip Profit.
TP2 @ 7.5000 touched at 2021.03.04 with 3415 pip Profit.
TP3 @ 8.0415 touched at 2021.03.22 with 8830 pip Profit.
729 + 3415 + 8830 = 12974 pip

Open Profit:
Profit for one trade is 14.5707(current price) - 7.1585(open price) = 74122 pip
1 trade(s) still open, therefore total profit for open trade(s) is 74122 x 1 = 74122 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 13.01982 is broken, we will close open trades.

DateApril 17, 2022 - 08:08
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 13.01982, resumption of uptrend is expected.
  • We make sure when the resistance at 14.91060 breaks.
  • If the support at 13.01982 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 13.01982 is broken.

Technical analysis:

  • A peak is formed in daily chart at 14.99395 on 03/11/2022, so more losses to support(s) 13.93344 and minimum to Major Support (13.01982) 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 51.

Take Profits:

  1. 7.23143
  2. 7.50000
  3. 8.04150
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