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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup

#CHFJPY
Total Profit: 12552 pip
Closed trade(s): 3562 pip Profit
Open trade(s): 8990 pip Profit
_______________________________________________
Trade Setup:
We opened 17 BUY trade(s) @ 105.09 (day close price) based on 'Valley' at 2016.08.31.

Closed Profit:
TP1 @ 105.90 touched at 2016.09.02 with 81 pip Profit.
TP2 @ 107.40 touched at 2016.11.08 with 231 pip Profit.
TP3 @ 108.60 touched at 2016.11.14 with 351 pip Profit.
TP4 @ 109.80 touched at 2016.11.18 with 471 pip Profit.
TP5 @ 111.50 touched at 2016.11.24 with 641 pip Profit.
TP6 @ 113.40 touched at 2016.12.05 with 831 pip Profit.
TP7 @ 114.65 touched at 2016.12.14 with 956 pip Profit.
81 + 231 + 351 + 471 + 641 + 831 + 956 = 3562 pip

Open Profit:
Profit for one trade is 114.08(current price) - 105.09(open price) = 899 pip
10 trade(s) still open, therefore total profit for open trade(s) is 899 x 10 = 8990 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (104.15 to 101.80). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (104.15)
    • Support on 10/21/2016
    • Support on 10/19/2016
    • Resistance on 09/27/2016
    • Resistance on 09/26/2016
    • Resistance on 09/23/2016
    • Resistance on 09/22/2016
    • Resistance on 09/21/2016
    • Support on 09/16/2016
    • Support on 08/30/2016
    • Support on 08/29/2016
    • Resistance on 08/26/2016
    • Support on 08/22/2016
    • Support on 08/19/2016
    • Support on 08/18/2016
    • Support on 08/17/2016
    • Support on 07/12/2016
    • Resistance on 07/07/2016
    • Support on 06/30/2016
    • Support on 06/29/2016
    • Support on 06/28/2016
    • Support on 06/24/2016
    • Support on 08/12/2013
    • Support on 08/09/2013
    • Support on 08/08/2013
    • Support on 07/12/2013
    • Support on 07/05/2013
    • Resistance on 06/27/2013
    • Support on 06/25/2013
    • Resistance on 06/19/2013
    • Resistance on 06/18/2013
    • Support on 06/07/2013
    • Support on 06/06/2013
    • Support on 06/03/2013
    • Support on 05/23/2013
  • Ending of entry zone (101.80)
    • Support on 07/08/2016
    • Trough on 06/27/2016
    • Trough on 06/24/2016
    • Support on 06/24/2016
    • Trough on 06/17/2013
    • Trough on 06/14/2013
    • Support on 06/14/2013
    • Trough on 06/13/2013
    • Support on 06/13/2013
    • Support on 04/05/2013
    • Resistance on 03/21/2013
    • Resistance on 03/20/2013
    • Resistance on 03/15/2013
    • Resistance on 03/12/2013
    • Resistance on 03/11/2013
    • Resistance on 03/08/2013

DateDecember 25, 2016 - 10:48
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 115.35 on 12/15/2016, so more losses to support(s) 113.40, 111.50, 109.80 and minimum to Trend Hunter Buy Zone (104.15 to 101.80) 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 63.

Take Profits:

  1. 105.90
  2. 107.40
  3. 108.60
  4. 109.80
  5. 111.50
  6. 113.40
  7. 114.65
  8. 117.35
  9. 119.15
  10. 122.00
  11. 125.80
  12. 128.20
  13. 130.85
  14. 134.60
  15. 138.30
  16. 1248.00
Click on the level to view price action history.