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
Trade Setup

#CHFJPY
Total Profit: 1517 pip
Closed trade(s): 719 pip Profit
Open trade(s): 798 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 120.42 (day close price) based on 'Peak' at 2021.08.06 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 120.00 touched at 2021.08.09 with 42 pip Profit.
TP2 @ 118.90 touched at 2021.09.15 with 152 pip Profit.
TP3 @ 118.04 touched at 2021.09.17 with 238 pip Profit.
TP4 @ 117.55 touched at 2021.09.20 with 287 pip Profit.
42 + 152 + 238 + 287 = 719 pip

Open Profit:
Profit for one trade is 120.42(open price) - 119.09(current price) = 133 pip
6 trade(s) still open, therefore total profit for open trade(s) is 133 x 6 = 798 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateOctober 3, 2021 - 01:21
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 120.600, resumption of downtrend is expected.
  • We make sure when the support at 117.550 breaks.
  • If the resistance at 120.600 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 120.20 on 09/28/2021, so more losses to support(s) 118.90, 118.04 and minimum to Major Support (117.55) 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 46.

Take Profits:

  1. 120.00
  2. 118.90
  3. 118.04
  4. 117.55
  5. 116.55
  6. 115.83
  7. 114.64
  8. 113.70
  9. 112.60
Click on the level to view price action history.