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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar vs. Turkish Lira technical chart
Symbol USDTRY

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5.3000 to 5.1595). 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 (5.3000)
    • Resistance on 08/08/2018
    • Support on 11/05/2018
    • Support on 11/06/2018
    • Support on 11/15/2018
    • Support on 11/19/2018
    • Support on 11/20/2018
    • Support on 11/21/2018
    • Resistance on 11/26/2018
    • Resistance on 11/27/2018
    • Resistance on 12/03/2018
    • Support on 12/05/2018
    • Support on 12/11/2018
    • Support on 12/13/2018
    • Resistance on 12/28/2018
    • Support on 01/04/2019
    • Support on 01/07/2019
    • Support on 01/29/2019
    • Resistance on 02/07/2019
    • Resistance on 02/11/2019
    • Resistance on 02/12/2019
    • Resistance on 02/13/2019
    • Resistance on 02/14/2019
    • Resistance on 02/15/2019
    • Resistance on 02/18/2019
    • Resistance on 02/19/2019
    • Support on 02/28/2019
    • Trough on 03/26/2019
    • Support on 03/26/2019
    • Support on 03/27/2019
  • Ending of entry zone (5.1595)
    • Support on 01/31/2019
    • Support on 02/01/2019

DateMon, 05/20/2019 - 11:34
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 5.7580, beginning of uptrend is expected.
  • We make sure when the resistance at 6.2305 breaks.
  • If the support at 5.7580 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 5.4084 on 04/01/2019, so more gains maximum to Major Resistance (6.2305) 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 59.

Take Profits:

  1. 5.4200
  2. 5.5400
  3. 5.7580
  4. 5.9015
  5. 6.4820
  6. 6.8320
  7. 7.0000
  8. 7.1200
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Turkish Lira (USDTRY) new Sat, 14 Sep 2019
US Dollar vs. Turkish Lira (USDTRY) Sat, 7 Sep 2019
US Dollar vs. Turkish Lira (USDTRY) Sat, 31 Aug 2019
US Dollar vs. Turkish Lira (USDTRY) free Sat, 24 Aug 2019
US Dollar vs. Turkish Lira (USDTRY) Sat, 17 Aug 2019