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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup

#CHFJPY
Total Profit: 864 pip
Closed trade(s): 0 pip Profit
Open trade(s): 864 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 109.68 (day close price) based on 'Hammer' at 2018.05.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Open Profit:
Profit for one trade is 110.76(current price) - 109.68(open price) = 108 pip
8 trade(s) still open, therefore total profit for open trade(s) is 108 x 8 = 864 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJune 2, 2018 - 19:46
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 108.350, beginning of uptrend is expected.
  • We make sure when the resistance at 112.250 breaks.
  • If the support at 108.350 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 109.00 on 05/29/2018, so more gains to resistance(s) 111.20 and maximum to Major Resistance (112.25) 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 54.

Take Profits:

  1. 111.20
  2. 112.25
  3. 113.40
  4. 114.70
  5. 116.45
  6. 117.35
  7. 118.55
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.