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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY
Trade Setup

#CHFJPY
Total Profit: -833 pip
Closed trade(s): 263 pip Profit
Open trade(s): -1096 pip Profit

Trade Setup:
We opened 9 SELL trades @ 140.424 based on 'Peak' entry method at 2022-07-01.

Closed Profit:
TP1 @ 137.789 touched at 2022-08-02 with 263 pip Profit.

Open Profit:
Profit for one SELL trade is 140.424(open price) - 141.789(current price) = -137 pip
8 trade(s) still open, therefore total profit for open trade(s) is -137 x 8 = -1096 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.
DateAugust 14, 2022 - 19:00
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 143.750, beginning of downtrend is expected.
  • We make sure when the support at 137.789 breaks.
  • If the resistance at 143.750 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 137.145 on 08/02/2022, so more gains to resistance(s) 141.880, 142.777 and maximum to Major Resistance (143.750) 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 58.

Take Profits:

  1. 137.789
  2. 136.113
  3. 134.043
  4. 131.914
  5. 127.488
  6. 125.907
  7. 122.500
  8. 118.900
Click on the level to view price action history.
Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) new Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) new Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 7 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 31 Mar 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on CHFJPY.