website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

Download MT4 template file

Trade Setup
#CHFJPY
Total Profit: 3061 pip
Closed trade(s): 1165 pip Profit
Open trade(s): 1896 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.
TP4 @ 111.15 touched at 2019.12.13 with 337 pip Profit.
TP5 @ 112.25 touched at 2019.12.27 with 447 pip Profit.
37 + 117 + 227 + 337 + 447 = 1165 pip

Open Profit:
Profit for one trade is 112.52(current price) - 107.78(open price) = 474 pip
4 trade(s) still open, therefore total profit for open trade(s) is 474 x 4 = 1896 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 110.500 is broken, we will close open trades.
DateJanuary 11, 2020 - 16:33
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 110.500 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 110.500 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 112.60 on 12/30/2019, so more losses to support(s) 112.25, 111.15 and minimum to Major Support (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 65.

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 / Japanese Yen (CHFJPY) new Sun, 21 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 7 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 31 Mar 2024
History
Daily-Trading-Opportunities on CHFJPY.