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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup

#USDTRY
Total Profit: 19624 pip
Closed trade(s): 5354 pip Profit
Open trade(s): 14270 pip Profit

Trade Setup:
We opened 4 BUY trade(s) @ 4.7302 based on 'Trough (Valley)' entry method at 2018.07.09.

Closed Profit:
TP1 @ 4.8035 touched at 2018.07.11 with 733 pip Profit.
TP2 @ 4.9225 touched at 2018.07.12 with 1923 pip Profit.
TP3 @ 5.0000 touched at 2018.08.01 with 2698 pip Profit.
733 + 1923 + 2698 = 5354 pip

Open Profit:
Profit for one trade is 6.1572(current price) - 4.7302(open price) = 14270 pip
1 trade(s) still open, therefore total profit for open trade(s) is 14270 x 1 = 14270 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 5.00000 is broken, we will close open trades.
DateSeptember 16, 2018 - 20:01
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 5.00000 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 5.00000 is broken.

Technical analysis:

  • While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
  • 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. 6.2900
  2. 6.3820
  3. 6.4780
  4. 6.6680
  5. 6.8300
  6. 7.0000
  7. 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.