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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Canadian Dollar vs. Japanese Yen technical chart

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Trade Setup
Total Profit: -189 pip
Closed trade(s): 0 pip Profit
Open trade(s): -189 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 81.92 (day close price) based on 'Valley' at 2019.05.10 signaled by DTO:

Open Profit:
Profit for one trade is 81.70(current price) - 81.92(open price) = -21 pip
9 trade(s) still open, therefore total profit for open trade(s) is -21 x 9 = -189 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.

DateSat, 05/18/2019 - 21:53
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 80.55, beginning of uptrend is expected.
  • We make sure when the resistance at 84.25 breaks.
  • If the support at 80.55 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The descending flag taking shape suggests we will soon see another leg lower.
  • The RSI bounced from the support #1 at 29 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 81.12 on 05/09/2019, so more gains to resistance(s) 82.20, 82.55, 83.35 and maximum to Major Resistance (84.25) 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 40.

Take Profits:

  1. 82.20
  2. 82.55
  3. 83.35
  4. 84.25
  5. 85.25
  6. 86.30
  7. 88.45
  8. 91.65
Click on the level to view price action history.