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Weekly forecast Canadian Dollar / Japanese Yen technical chart
Symbol CADJPY

Download MT4 template file

Trade Setup

#CADJPY
Total Profit: 3722 pip
Closed trade(s): 1082 pip Profit
Open trade(s): 2640 pip Profit
_______________________________________________
Trade Setup:
We opened 16 BUY trade(s) @ 83.87 (day close price) based on 'Valley' at 2016.06.06 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/CADJPY...

Closed Profit:
TP1 @ 84.55 touched at 2016.11.30 with 68 pip Profit.
TP2 @ 85.60 touched at 2016.12.01 with 173 pip Profit.
TP3 @ 87.40 touched at 2016.12.09 with 353 pip Profit.
TP4 @ 88.75 touched at 2016.12.15 with 488 pip Profit.
68 + 173 + 353 + 488 = 1082 pip

Open Profit:
Profit for one trade is 86.07(current price) - 83.87(open price) = 220 pip
12 trade(s) still open, therefore total profit for open trade(s) is 220 x 12 = 2640 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (78.90 to 74.85). 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 (78.90)
    • Support on 11/14/2016
    • Resistance on 10/28/2016
    • Resistance on 10/20/2016
    • Resistance on 10/12/2016
    • Resistance on 10/11/2016
    • Resistance on 10/10/2016
    • Resistance on 10/06/2016
    • Support on 09/08/2016
    • Support on 09/07/2016
    • Resistance on 09/01/2016
    • Resistance on 08/31/2016
    • Resistance on 08/30/2016
    • Resistance on 08/12/2016
    • Support on 07/26/2016
    • Resistance on 06/28/2016
    • Trough on 01/22/2016
    • Trough on 01/21/2016
    • Support on 01/20/2016
    • Trough on 01/20/2016
    • Support on 11/09/2012
    • Support on 09/28/2012
    • Support on 09/05/2012
    • Trough on 09/05/2012
    • Support on 08/31/2012
    • Support on 08/24/2012
    • Support on 08/23/2012
    • Support on 08/22/2012
    • Resistance on 08/13/2012
    • Support on 08/10/2012
    • Resistance on 08/08/2012
    • Resistance on 08/07/2012
    • Resistance on 08/03/2012
    • Resistance on 07/06/2012
    • Resistance on 07/05/2012
    • Resistance on 07/04/2012
    • Resistance on 07/03/2012
    • Support on 05/09/2012
    • Support on 02/17/2012
    • Resistance on 02/15/2012
    • Resistance on 11/01/2011
    • Resistance on 10/31/2011
    • Resistance on 09/02/2011
    • Resistance on 09/01/2011
    • Resistance on 08/31/2011
    • Resistance on 08/30/2011
    • Resistance on 08/29/2011
    • Resistance on 08/25/2011
    • Resistance on 08/10/2011
    • Resistance on 08/09/2011
    • Support on 03/17/2011
    • Support on 03/16/2011
    • Support on 10/28/2010
    • Support on 10/27/2010
    • Support on 10/25/2010
    • Support on 10/22/2010
    • Support on 10/21/2010
    • Support on 10/20/2010
    • Support on 10/19/2010
    • Support on 09/01/2010
    • Support on 08/31/2010
    • Support on 08/25/2010
    • Support on 08/24/2010
    • Support on 07/13/2009
    • Support on 07/10/2009
    • Support on 07/08/2009
    • Support on 04/29/2009
    • Support on 04/28/2009
    • Support on 04/27/2009
    • Support on 04/24/2009
    • Support on 04/23/2009
    • Support on 04/22/2009
    • Support on 04/21/2009
    • Support on 04/20/2009
    • Resistance on 04/01/2009
    • Resistance on 03/31/2009
    • Support on 03/26/2009
    • Support on 03/25/2009
    • Support on 03/24/2009
    • Resistance on 02/27/2009
    • Resistance on 02/26/2009
    • Resistance on 11/19/2008
    • Resistance on 11/18/2008
    • Resistance on 11/17/2008
    • Support on 11/14/2008
    • Support on 10/31/2008
    • Support on 10/30/2008
    • Resistance on 10/24/2008
    • Support on 05/05/2004
    • Support on 04/01/2004
    • Support on 03/31/2004
    • Support on 03/25/2004
    • Support on 03/24/2004
    • Support on 02/06/2004
    • Resistance on 02/03/2004
  • Ending of entry zone (74.85)
    • Support on 11/09/2016
    • Support on 06/04/2012
    • Support on 06/01/2012
    • Support on 01/16/2012
    • Support on 01/13/2012
    • Support on 01/06/2012
    • Support on 12/19/2011
    • Support on 12/16/2011
    • Support on 12/15/2011
    • Support on 12/14/2011
    • Resistance on 11/21/2011
    • Support on 11/16/2011
    • Support on 11/15/2011
    • Support on 10/20/2011
    • Support on 10/18/2011
    • Support on 10/17/2011
    • Support on 10/13/2011
    • Resistance on 10/11/2011
    • Resistance on 10/10/2011
    • Resistance on 10/07/2011
    • Support on 03/12/2009
    • Support on 03/06/2009
    • Support on 03/03/2009
    • Resistance on 02/20/2009
    • Resistance on 02/19/2009
    • Resistance on 02/18/2009
    • Resistance on 02/13/2009
    • Support on 02/09/2009
    • Resistance on 02/05/2009
    • Resistance on 01/29/2009
    • Resistance on 01/28/2009
    • Resistance on 12/31/2008
    • Resistance on 12/30/2008
    • Resistance on 12/29/2008
    • Resistance on 12/24/2008
    • Resistance on 12/23/2008
    • Resistance on 12/22/2008
    • Resistance on 12/18/2008
    • Resistance on 12/11/2008
    • Resistance on 12/08/2008
    • Support on 11/24/2008
    • Support on 10/29/2008
    • Support on 12/30/2002
    • Support on 09/05/2002
    • Support on 08/15/2002
    • Support on 08/14/2002
    • Support on 08/05/2002
    • Support on 08/02/2002
    • Support on 08/01/2002
    • Support on 07/29/2002
    • Resistance on 07/26/2002
    • Support on 11/12/2001
    • Support on 09/27/2001
    • Resistance on 09/26/2001
    • Resistance on 09/25/2001
    • Resistance on 09/24/2001
    • Resistance on 09/21/2001
    • Resistance on 09/20/2001
    • Support on 09/17/2001
    • Support on 02/16/2001
    • Resistance on 02/18/2000
DateJanuary 21, 2017 - 17:22
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 88.40 on 01/04/2017, so more losses to support(s) 85.60, 84.55, 81.25 and minimum to Trend Hunter Buy Zone (78.90 to 74.85) 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 45.

Take Profits:

  1. 84.55
  2. 85.60
  3. 87.40
  4. 88.75
  5. 90.55
  6. 91.60
  7. 93.20
  8. 94.05
  9. 96.10
  10. 98.30
  11. 101.10
  12. 106.50
  13. 109.65
  14. 116.80
  15. 125.55
Click on the level to view price action history.
Symbol Released Current Forecast
Canadian Dollar / Japanese Yen (CADJPY) Sun, 14 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Sat, 6 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Mon, 1 Apr 2024
Canadian Dollar / Japanese Yen (CADJPY) Sun, 31 Mar 2024
Canadian Dollar / Japanese Yen (CADJPY) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on CADJPY.