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Weekly forecast Canadian Dollar / Japanese Yen technical chart
Symbol CADJPY

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Trade Setup

#CADJPY
Total Profit: 2833 pip
Closed trade(s): 145 pip Profit
Open trade(s): 2688 pip Profit
_______________________________________________
Trade Setup:
We opened 15 BUY trade(s) @ 81.90 (day close price) based on 'Valley' at 2017.06.09 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/CADJPY...

Closed Profit:
TP1 @ 83.35 touched at 2017.06.14 with 145 pip Profit.

Open Profit:
Profit for one trade is 83.82(current price) - 81.90(open price) = 192 pip
14 trade(s) still open, therefore total profit for open trade(s) is 192 x 14 = 2688 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (81.40 to 78.90). 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 (81.40)
    • Support on 06/12/2017
    • Support on 06/09/2017
    • Support on 05/18/2017
    • Support on 05/17/2017
    • Support on 05/05/2017
    • Support on 05/02/2017
    • Support on 05/01/2017
    • Support on 04/17/2017
    • Support on 04/14/2017
    • Support on 11/18/2016
    • Resistance on 11/17/2016
    • Resistance on 11/16/2016
    • Resistance on 11/15/2016
    • Resistance on 07/22/2016
    • Support on 02/25/2016
    • Support on 02/22/2016
    • Support on 02/19/2016
    • Support on 02/17/2016
    • Resistance on 02/11/2016
    • Resistance on 01/19/2016
    • Support on 01/14/2016
    • Resistance on 11/16/2012
    • Resistance on 11/07/2012
    • Peak on 09/25/2012
    • Peak on 09/24/2012
    • Peak on 09/21/2012
    • Peak on 09/20/2012
    • Peak on 09/19/2012
    • Resistance on 09/19/2012
    • Resistance on 05/04/2012
    • Resistance on 05/03/2012
    • Resistance on 05/02/2012
    • Resistance on 05/01/2012
    • Resistance on 04/13/2012
    • Resistance on 04/12/2012
    • Support on 04/09/2012
    • Support on 04/06/2012
    • Resistance on 03/07/2012
    • Support on 03/05/2012
    • Resistance on 02/27/2012
    • Resistance on 08/04/2011
    • Resistance on 08/02/2011
    • Support on 07/13/2011
    • Support on 07/12/2011
    • Support on 06/24/2011
    • Support on 06/20/2011
    • Support on 06/17/2011
    • Support on 06/16/2011
    • Support on 06/09/2011
    • Support on 06/08/2011
    • Support on 06/06/2011
    • Support on 06/03/2011
    • Support on 03/15/2011
    • Support on 01/31/2011
    • Support on 01/04/2011
    • Support on 01/03/2011
    • Support on 01/02/2011
    • Support on 12/31/2010
    • Support on 12/30/2010
    • Support on 12/29/2010
    • Support on 12/01/2010
    • Support on 11/30/2010
    • Support on 11/19/2010
    • Support on 11/16/2010
    • Support on 11/15/2010
    • Support on 11/14/2010
    • Support on 11/12/2010
    • Resistance on 11/09/2010
    • Resistance on 11/08/2010
    • Resistance on 11/05/2010
    • Support on 10/05/2010
    • Support on 10/04/2010
    • Support on 09/28/2010
    • Support on 09/24/2010
    • Support on 09/23/2010
    • Support on 09/22/2010
    • Resistance on 09/10/2010
    • Resistance on 09/09/2010
    • Resistance on 09/07/2010
    • Resistance on 09/06/2010
    • Resistance on 09/03/2010
    • Resistance on 08/30/2010
    • Resistance on 08/29/2010
    • Support on 08/22/2010
    • Support on 08/20/2010
    • Support on 08/17/2010
    • Support on 08/16/2010
    • Support on 08/12/2010
    • Support on 08/11/2010
    • Support on 12/01/2009
    • Support on 11/30/2009
    • Support on 11/29/2009
    • Support on 11/27/2009
    • Support on 11/26/2009
    • Support on 10/02/2009
    • Support on 09/28/2009
    • Resistance on 07/08/2009
    • Support on 07/06/2009
    • Resistance on 04/29/2009
    • Support on 04/17/2009
    • Support on 04/16/2009
    • Support on 04/14/2009
    • Support on 04/13/2009
    • Support on 04/10/2009
    • Resistance on 04/08/2009
    • Support on 04/06/2009
    • Resistance on 11/12/2008
    • Support on 11/10/2008
    • Support on 11/07/2008
    • Support on 11/06/2008
    • Support on 10/31/2008
  • Ending 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
    • Trough on 01/20/2016
    • Support 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

DateJune 24, 2017 - 17:50
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 58.

Take Profits:

  1. 83.35
  2. 84.55
  3. 85.60
  4. 87.40
  5. 88.75
  6. 90.55
  7. 93.20
  8. 96.10
  9. 98.30
  10. 101.10
  11. 106.50
  12. 109.65
  13. 116.80
  14. 125.55
Click on the level to view price action history.