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

#CHFJPY
Total Profit: 2552 pip
Closed trade(s): 368 pip Profit
Open trade(s): 2184 pip Profit

Trade Setup:
We opened 14 SELL trades @ 148.364 based on 'Peak' entry method at 2022-09-14.

Closed Profit:
TP1 @ 147.493 touched at 2022-09-22 with 87 pip Profit.
TP2 @ 145.549 touched at 2022-09-22 with 281 pip Profit.
87 + 281 = 368 pip

Open Profit:
Profit for one SELL trade is 148.364(open price) - 146.536(current price) = 182 pip
12 trade(s) still open, therefore total profit for open trade(s) is 182 x 12 = 2184 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 2, 2022 - 17:40
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 150.695, beginning of downtrend is expected.
  • We make sure when the support at 143.280 breaks.
  • If the resistance at 150.695 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 148.545 on 09/30/2022, so more losses to support(s) 145.549 and minimum to Major Support (143.280) 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 52.

Take Profits:

  1. 147.493
  2. 145.549
  3. 143.280
  4. 141.408
  5. 139.044
  6. 137.614
  7. 136.114
  8. 134.043
  9. 131.914
  10. 127.488
  11. 125.907
  12. 122.500
  13. 118.900
Click on the level to view price action history.
Symbol Released Current Forecast
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
Swiss Franc / Japanese Yen (CHFJPY) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on CHFJPY.