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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Swiss Franc vs. Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup
#CHFJPY
Total Profit: 600 pip
Closed trade(s): 89 pip Profit
Open trade(s): 511 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 108.43 (day close price) based on 'Valley' at 2019.09.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 108.65 touched at 2019.09.05 with 22 pip Profit.
TP2 @ 109.10 touched at 2019.09.12 with 67 pip Profit.
22 + 67 = 89 pip

Open Profit:
Profit for one trade is 109.16(current price) - 108.43(open price) = 73 pip
7 trade(s) still open, therefore total profit for open trade(s) is 73 x 7 = 511 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, 09/14/2019 - 20:50
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 106.25, beginning of uptrend is expected.
  • We make sure when the resistance at 110.50 breaks.
  • If the support at 106.25 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 106.85 on 09/03/2019, so more gains to resistance(s) 109.90 and maximum to Major Resistance (110.50) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

Take Profits:

  1. 108.65
  2. 109.10
  3. 109.90
  4. 110.50
  5. 112.15
  6. 113.80
  7. 116.15
  8. 118.55
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc vs. Japanese Yen (CHFJPY) new Sat, 19 Oct 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 12 Oct 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 5 Oct 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 28 Sep 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 21 Sep 2019