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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup
#CHFJPY
Total Profit: 8 pip
Closed trade(s): 0 pip Profit
Open trade(s): 8 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 111.19 based on 'Valley & Close above 111.05' at 2019.03.14 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Open Profit:
Profit for one trade is 111.20(current price) - 111.19(open price) = 1 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1 x 8 = 8 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.
DateMarch 16, 2019 - 19:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 108.600, beginning of uptrend is expected.
  • We make sure when the resistance at 112.500 breaks.
  • If the support at 108.600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 109.90 on 03/08/2019, so more gains to resistance(s) 111.85 and maximum to Major Resistance (112.50) 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 56.

Take Profits:

  1. 111.85
  2. 112.50
  3. 113.40
  4. 114.60
  5. 116.15
  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.