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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
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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
Symbol CADJPY

Download MT4 template file

Trade Setup
#CADJPY
Total Profit: 133 pip
Closed trade(s): 133 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 80.71 (day close price) based on 'Valley' at 2019.06.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 81.00 touched at 2019.06.05 with 29 pip Profit.
TP2 @ 81.75 touched at 2019.06.10 with 104 pip Profit.
29 + 104 = 133 pip

8 other break-even trades closed at entry price, therefore no profit no loss.

#CADJPY
Total Profit: -124 pip
Closed trade(s): 36 pip Profit
Open trade(s): -160 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 81.39 based on 'Valley' at 2019.06.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 81.75 touched at 2019.06.20 with 36 pip Profit.

Open Profit:
Profit for one trade is 81.19(current price) - 81.39(open price) = -20 pip
8 trade(s) still open, therefore total profit for open trade(s) is -20 x 8 = -160 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, 06/22/2019 - 21:08
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 79.70, beginning of uptrend is expected.
  • We make sure when the resistance at 82.55 breaks.
  • If the support at 79.70 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.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 80.55 on 06/18/2019, so more gains to resistance(s) 81.75 and maximum to Major Resistance (82.55) 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 47.

Take Profits:

  1. 81.00
  2. 81.75
  3. 82.55
  4. 83.35
  5. 84.25
  6. 85.25
  7. 86.30
  8. 88.45
  9. 91.65
Click on the level to view price action history.