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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup

#USDTRY
Total Profit: 3558 pip
Closed trade(s): 838 pip Profit
Open trade(s): 2720 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 4.5932 based on 'Trough (Valley)' entry method at 2018.06.12.

Closed Profit:
TP1 @ 4.6770 touched at 2018.06.13 with 838 pip Profit.

Open Profit:
Profit for one trade is 4.6612(current price) - 4.5932(open price) = 680 pip
4 trade(s) still open, therefore total profit for open trade(s) is 680 x 4 = 2720 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.

DateJune 26, 2018 - 11:20
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 58.

Take Profits:

  1. 4.6770
  2. 4.8035
  3. 4.9225
  4. 5.0000
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Turkish Lira (USDTRY) new free Sun, 14 Apr 2024
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