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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: 1455 pip
Closed trade(s): 381 pip Profit
Open trade(s): 1074 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 107.78 based on 'Valley' at 2019.10.07 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 108.15 touched at 2019.10.10 with 37 pip Profit.
TP2 @ 108.95 touched at 2019.10.11 with 117 pip Profit.
TP3 @ 110.05 touched at 2019.10.18 with 227 pip Profit.
37 + 117 + 227 = 381 pip

Open Profit:
Profit for one trade is 109.57(current price) - 107.78(open price) = 179 pip
6 trade(s) still open, therefore total profit for open trade(s) is 179 x 6 = 1074 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.
  • If the Midterm level 108.15 is broken, we will close open trades.

DateSat, 12/07/2019 - 17:32
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 108.15, beginning of uptrend is expected.
  • We make sure when the resistance at 112.25 breaks.
  • If the support at 108.15 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 108.15 is broken.

Technical analysis:

  • A peak is formed in daily chart at 110.25 on 12/05/2019, so more losses to support(s) 108.95 and minimum to Major Support (108.15) 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 49.

Take Profits:

  1. 108.15
  2. 108.95
  3. 110.05
  4. 111.15
  5. 112.25
  6. 113.80
  7. 114.65
  8. 116.15
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc vs. Japanese Yen (CHFJPY) new Sat, 18 Jan 2020
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 11 Jan 2020
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 4 Jan 2020
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 28 Dec 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sun, 22 Dec 2019