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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup
#USDTRY
Total Profit: 16138 pip
Closed trade(s): 5231 pip Profit
Open trade(s): 10907 pip Profit

Trade Setup:
We opened 4 BUY trade(s) @ 4.7343 based on 'Trough (Valley)' entry method at 2018.07.09.

Closed Profit:
TP1 @ 4.8035 touched at 2018.07.11 with 692 pip Profit.
TP2 @ 4.9225 touched at 2018.07.12 with 1882 pip Profit.
TP3 @ 5.0000 touched at 2018.08.01 with 2657 pip Profit.
692 + 1882 + 2657 = 5231 pip

Open Profit:
Profit for one trade is 5.8250(current price) - 4.7343(open price) = 10907 pip
1 trade(s) still open, therefore total profit for open trade(s) is 10907 x 1 = 10907 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 5.75800 is broken, we will close open trades.
DateJune 1, 2019 - 21:08
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 5.75800, beginning of uptrend is expected.
  • We make sure when the resistance at 6.23050 breaks.
  • If the support at 5.75800 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 5.75800 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A trough is formed in daily chart at 5.4084 on 04/01/2019, so more gains to resistance(s) 5.9015, 6.0000 and maximum to Major Resistance (6.2305) 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 38.

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 / Turkish Lira (USDTRY) new Sun, 21 Apr 2024
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
History
Daily-Trading-Opportunities on USDTRY.