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Weekly forecast Swiss Franc vs. Japanese Yen technical chart
Symbol CHFJPY

Download MT4 template file

Trade Setup
#CHFJPY
Total Profit: 2899 pip
Closed trade(s): 1739 pip Profit
Open trade(s): 1160 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 113.19 (day close price) based on 'Peak' at 2018.11.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 112.50 touched at 2018.12.20 with 69 pip Profit.
TP2 @ 111.85 touched at 2018.12.21 with 134 pip Profit.
TP3 @ 111.05 touched at 2019.01.02 with 214 pip Profit.
TP4 @ 110.10 touched at 2019.01.02 with 309 pip Profit.
TP5 @ 108.60 touched at 2019.01.03 with 459 pip Profit.
TP6 @ 107.65 touched at 2019.01.03 with 554 pip Profit.
69 + 134 + 214 + 309 + 459 + 554 = 1739 pip

Open Profit:
Profit for one trade is 113.19(open price) - 110.29(current price) = 290 pip
4 trade(s) still open, therefore total profit for open trade(s) is 290 x 4 = 1160 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 111.85 is broken, we will close open trades.

DateSat, 01/12/2019 - 16:30
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • 111.85 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 111.85 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 22 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 111.30 on 01/09/2019, so more losses to support(s) 110.10, 108.60, 107.65 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 39.

Take Profits:

  1. 112.50
  2. 111.85
  3. 111.05
  4. 110.10
  5. 108.60
  6. 107.65
  7. 104.15
  8. 101.80
  9. 100.00
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc vs. Japanese Yen (CHFJPY) new Sat, 19 Jan 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 12 Jan 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 5 Jan 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 29 Dec 2018
Swiss Franc vs. Japanese Yen (CHFJPY) free Sun, 23 Dec 2018