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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: 2955 pip
Closed trade(s): 1767 pip Profit
Open trade(s): 1188 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.
TP6 @ 113.80 touched at 2020.01.15 with 602 pip Profit.
37 + 117 + 227 + 337 + 447 + 602 = 1767 pip

Open Profit:
Profit for one trade is 111.74(current price) - 107.78(open price) = 396 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396 x 3 = 1188 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 110.90 is broken, we will close open trades.

DateSat, 02/15/2020 - 15:34
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 110.90 would begin in Midterm.
  • We will close our open trades, if the Midterm level 110.90 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 113.10 on 02/05/2020, so more losses to support(s) 111.15 and minimum to Major Support (110.90) 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 41.

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) Sat, 4 Apr 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 28 Mar 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 21 Mar 2020
Swiss Franc / Japanese Yen (CHFJPY) Sat, 14 Mar 2020
Swiss Franc / Japanese Yen (CHFJPY) free Sat, 7 Mar 2020