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

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Trade Setup
#CHFJPY
Total Profit: 3167 pip
Closed trade(s): 1739 pip Profit
Open trade(s): 1428 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) - 109.62(current price) = 357 pip
4 trade(s) still open, therefore total profit for open trade(s) is 357 x 4 = 1428 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, 02/09/2019 - 22:34
Currentrange bound
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 111.85 would begin in Midterm.
  • We will close our open trades, if the Midterm level 111.85 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 109.10 on 01/31/2019, so more gains to resistance(s) 110.10, 111.05 and maximum to Major Resistance (111.85) 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 41.

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) free Sat, 16 Feb 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 9 Feb 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 2 Feb 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 26 Jan 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 19 Jan 2019