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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup

#CHFJPY
Total Profit: 2650 pip
Closed trade(s): 347 pip Profit
Open trade(s): 2303 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 114.56 (day close price) based on 'Peak' at 2018.01.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 113.40 touched at 2018.02.28 with 116 pip Profit.
TP2 @ 112.25 touched at 2018.03.07 with 231 pip Profit.
116 + 231 = 347 pip

Open Profit:
Profit for one trade is 114.56(open price) - 111.27(current price) = 329 pip
7 trade(s) still open, therefore total profit for open trade(s) is 329 x 7 = 2303 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.
  • If the Midterm level 113.400 is broken, we will close open trades.
DateMarch 17, 2018 - 18:53
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 113.400 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 113.400 is broken.

Technical analysis:

  • A peak is formed in daily chart at 113.25 on 03/13/2018, so more losses to support(s) 110.30, 108.35, 105.90 and more depths 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 30.

Take Profits:

  1. 113.40
  2. 112.25
  3. 110.30
  4. 108.35
  5. 105.90
  6. 104.15
  7. 101.80
  8. 100.00
Click on the level to view price action history.
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Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
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History
Daily-Trading-Opportunities on CHFJPY.