Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Canadian Dollar vs. Japanese Yen technical chart
Symbol CADJPY

Download MT4 template file

Trade Setup
#CADJPY
Total Profit: 1159 pip
Closed trade(s): 343 pip Profit
Open trade(s): 816 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 81.19 based on 'Valley' at 2019.10.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 81.65 touched at 2019.10.11 with 46 pip Profit.
TP2 @ 82.10 touched at 2019.10.11 with 91 pip Profit.
TP3 @ 83.25 touched at 2019.10.28 with 206 pip Profit.
46 + 91 + 206 = 343 pip

Open Profit:
Profit for one trade is 82.55(current price) - 81.19(open price) = 136 pip
6 trade(s) still open, therefore total profit for open trade(s) is 136 x 6 = 816 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 81.65 is broken, we will close open trades.
  • Price may also reach 81.65, 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, 11/09/2019 - 17:40
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 81.65, beginning of uptrend is expected.
  • We make sure when the resistance at 84.25 breaks.
  • If the support at 81.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 81.65 is broken.

Technical analysis:

  • A trough is formed in daily chart at 81.90 on 11/01/2019, so more gains to resistance(s) 83.25 and maximum to Major Resistance (84.25) 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 53.

Take Profits:

  1. 81.65
  2. 82.10
  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.