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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Canadian Dollar / Japanese Yen technical chart
Symbol CADJPY

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Trade Setup
#CADJPY
Total Profit: 863 pip
Closed trade(s): 191 pip Profit
Open trade(s): 672 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 80.42 (day close price) based on 'Valley' at 2019.09.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 81.00 touched at 2019.09.05 with 58 pip Profit.
TP2 @ 81.75 touched at 2019.09.10 with 133 pip Profit.
58 + 133 = 191 pip

Open Profit:
Profit for one trade is 81.38(current price) - 80.42(open price) = 96 pip
7 trade(s) still open, therefore total profit for open trade(s) is 96 x 7 = 672 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.
  • Price may also reach 80.00, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 09/14/2019 - 18:57
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 80.00, beginning of uptrend is expected.
  • We make sure when the resistance at 82.10 breaks.
  • If the support at 80.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 79.20 on 09/03/2019, so more gains to resistance(s) 81.75 and maximum to Major Resistance (82.10) 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 57.

Take Profits:

  1. 81.00
  2. 81.75
  3. 83.25
  4. 84.25
  5. 85.25
  6. 86.30
  7. 88.45
  8. 91.65
Click on the level to view price action history.