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: 0 pip
Closed trade(s): 0 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 11 SELL trades @ 146.309 based on 'Shooting' entry method at 2022-12-16.

Open Profit:
Profit for one SELL trade is 146.309(open price) - 146.309(current price) = 0 pip
11 trade(s) still open, therefore total profit for open trade(s) is 0 x 11 = 0 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.
DateDecember 18, 2022 - 13:07
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 151.450, beginning of downtrend is expected.
  • We make sure when the support at 143.000 breaks.
  • If the resistance at 151.450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 142.885 on 12/02/2022, so more gains to resistance(s) 147.495, 148.800, 150.229 and maximum to Major Resistance (151.450) 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 49.

Take Profits:

  1. 145.390
  2. 144.516
  3. 143.000
  4. 140.609
  5. 138.850
  6. 137.333
  7. 134.043
  8. 127.488
  9. 122.500
  10. 117.550
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.