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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup
#CHFJPY
Total Profit: 49 pip
Closed trade(s): 49 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 108.61 (day close price) based on 'Two-day reversal candle (Hammer)' at 2019.08.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 109.10 touched at 2019.08.13 with 49 pip Profit.

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

Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (108.00)
    • Support on 06/20/2016
    • Support on 06/21/2016
    • Resistance on 07/14/2016
    • Resistance on 07/15/2016
    • Resistance on 07/22/2016
    • Resistance on 07/25/2016
    • Support on 04/17/2017
    • Support on 01/03/2019
    • Support on 05/07/2019
    • Support on 05/10/2019
    • Support on 05/31/2019
    • Support on 06/03/2019
    • Support on 08/05/2019
    • Support on 08/12/2019
  • Ending of entry zone (107.65)
    • Support on 06/16/2016
    • Support on 06/21/2016
    • Resistance on 07/14/2016
    • Resistance on 07/15/2016
    • Resistance on 07/22/2016
    • Resistance on 07/25/2016
    • Resistance on 07/28/2016
    • Resistance on 07/29/2016
    • Resistance on 11/08/2016
    • Resistance on 11/09/2016
    • Support on 04/17/2017
    • Support on 01/03/2019
    • Trough on 05/09/2019
    • Support on 05/09/2019

DateSat, 08/17/2019 - 19:59
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 107.65, beginning of uptrend is expected.
  • We make sure when the resistance at 111.95 breaks.
  • If the support at 107.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 107.95 on 08/12/2019, so more gains to resistance(s) 109.10, 109.90, 110.50 and maximum to Major Resistance (111.95) 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 43.

Take Profits:

  1. 108.60
  2. 109.10
  3. 109.90
  4. 110.50
  5. 111.95
  6. 113.40
  7. 114.60
  8. 116.15
  9. 118.55
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) new Sat, 15 Feb 2020
Swiss Franc / Japanese Yen (CHFJPY) free Sat, 8 Feb 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 1 Feb 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 25 Jan 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 18 Jan 2020