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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup
#USDTRY
Total Profit: 13388 pip
Closed trade(s): 7711 pip Profit
Open trade(s): 5677 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 5.2443 based on 'Daily Close above Down Trend' entry method at 2018.12.03.

Closed Profit:
TP1 @ 5.3015 touched at 2018.12.04 with 572 pip Profit.
TP2 @ 5.5155 touched at 2019.01.03 with 2712 pip Profit.
TP3 @ 5.6870 touched at 2019.01.03 with 4427 pip Profit.
572 + 2712 + 4427 = 7711 pip

Open Profit:
Profit for one trade is 5.3254(current price) - 5.2443(open price) = 811 pip
7 trade(s) still open, therefore total profit for open trade(s) is 811 x 7 = 5677 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.
DateJanuary 19, 2019 - 16:06
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 5.00000, resumption of uptrend is expected.
  • We make sure when the resistance at 5.90150 breaks.
  • If the support at 5.00000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 41 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 46.

Take Profits:

  1. 5.3015
  2. 5.5155
  3. 5.6870
  4. 6.0000
  5. 6.2090
  6. 6.4820
  7. 6.8320
  8. 7.0000
  9. 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.