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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY
Trade Setup

#USDTRY
Total Profit: 147739 pip
Closed trade(s): 33670 pip Profit
Open trade(s): 114069 pip Profit

Trade Setup:
We opened 6 BUY trades @ 7.15852 based on 'Valley' entry method at 2021-02-24.

Closed Profit:
TP1 @ 7.2675 touched at 2021-02-25 with 1090 pip Profit.
TP2 @ 7.5000 touched at 2021-03-04 with 3415 pip Profit.
TP3 @ 7.7755 touched at 2021-03-09 with 6170 pip Profit.
TP4 @ 8.0415 touched at 2021-03-22 with 8830 pip Profit.
TP5 @ 8.5750 touched at 2021-05-28 with 14165 pip Profit.
1090 + 3415 + 6170 + 8830 + 14165 = 33670 pip

Open Profit:
Profit for one BUY trade is 18.56538(current price) - 7.15852(open price) = 114069 pip
1 trade(s) still open, therefore total profit for open trade(s) is 114069 x 1 = 114069 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (7.00000 to 6.89350). 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 (7.00000)
  • Ending of entry zone (6.89350)

DateNovember 20, 2022 - 16:51
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 17.70000, resumption of uptrend is expected.
  • We make sure when the resistance at 18.69270 breaks.
  • If the support at 17.70000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 15.90645 on 06/27/2022, so more gains maximum to Major Resistance (18.69270) 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 54.

Take Profits:

  1. 7.23143
  2. 7.50000
  3. 8.04150
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Turkish Lira (USDTRY) free Sat, 23 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 17 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 10 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 3 Mar 2024
US Dollar / Turkish Lira (USDTRY) Sun, 25 Feb 2024