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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: 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 / Japanese Yen (CHFJPY) new Sat, 30 May 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 23 May 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 16 May 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 9 May 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 2 May 2020