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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

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Trade Setup
Total Profit: -7865 pip
Closed trade(s): 0 pip Profit
Open trade(s): -7865 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 5.7043 based on 'Valley' entry method at 2019.07.12.

Open Profit:
Profit for one trade is 5.6328(current price) - 5.7043(open price) = -715 pip
11 trade(s) still open, therefore total profit for open trade(s) is -715 x 11 = -7865 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.

DateSat, 07/20/2019 - 17:04
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 5.5400, beginning of uptrend is expected.
  • We make sure when the resistance at 6.2305 breaks.
  • If the support at 5.5400 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 29 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 5.7634 on 07/12/2019, so more losses to support(s) 5.5690 and minimum to Major Support (5.5400) 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 41.

Take Profits:

  1. 5.7634
  2. 5.8540
  3. 5.9175
  4. 5.9690
  5. 6.0900
  6. 6.2305
  7. 6.4820
  8. 6.7200
  9. 7.0000
  10. 7.1200
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Turkish Lira (USDTRY) new Sat, 7 Dec 2019
US Dollar vs. Turkish Lira (USDTRY) free Sat, 30 Nov 2019
US Dollar vs. Turkish Lira (USDTRY) Sat, 23 Nov 2019
US Dollar vs. Turkish Lira (USDTRY) Sat, 16 Nov 2019
US Dollar vs. Turkish Lira (USDTRY) Sat, 9 Nov 2019