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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: 3642 pip
Closed trade(s): 1767 pip Profit
Open trade(s): 1875 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 114.03(current price) - 107.78(open price) = 625 pip
3 trade(s) still open, therefore total profit for open trade(s) is 625 x 3 = 1875 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 111.15 is broken, we will close open trades.

DateSat, 02/22/2020 - 19:43
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 111.15, continuation of uptrend is expected.
  • We make sure when the resistance at 114.65 breaks.
  • If the support at 111.15 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 111.15 is broken.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • A trough is formed in daily chart at 111.60 on 02/18/2020, so more gains maximum to Major Resistance (114.65) 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.