website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
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 / Japanese Yen technical chart
Symbol CADJPY

Download MT4 template file

Trade Setup
#CADJPY
Total Profit: 4436 pip
Closed trade(s): 1745 pip Profit
Open trade(s): 2691 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 78.49 (day close price) based on 'Hammer' at 2020.10.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 79.60 touched at 2020.11.03 with 111 pip Profit.
TP2 @ 80.55 touched at 2020.11.09 with 206 pip Profit.
TP3 @ 81.75 touched at 2020.12.10 with 326 pip Profit.
TP4 @ 83.25 touched at 2021.02.15 with 476 pip Profit.
TP5 @ 84.75 touched at 2021.02.25 with 626 pip Profit.
111 + 206 + 326 + 476 + 626 = 1745 pip

Open Profit:
Profit for one trade is 87.46(current price) - 78.49(open price) = 897 pip
3 trade(s) still open, therefore total profit for open trade(s) is 897 x 3 = 2691 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 81.75 is broken, we will close open trades.

DateApril 10, 2021 - 20:14
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 81.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 81.75 is broken.

Technical analysis:

  • While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 86.48 on 04/08/2021, so more gains to resistance(s) 88.45, 91.65, 96.10 and more heights 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 60.

Take Profits:

  1. 79.60
  2. 80.55
  3. 81.75
  4. 83.25
  5. 84.75
  6. 88.45
  7. 91.65
Click on the level to view price action history.