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Trend Hunter performance since 2015 for this symbol

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

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Trade Setup
#CHFJPY
Total Profit: 126 pip
Closed trade(s): 0 pip Profit
Open trade(s): 126 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 108.69 (day close price) based on 'Valley' at 2019.05.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Open Profit:
Profit for one trade is 108.83(current price) - 108.69(open price) = 14 pip
9 trade(s) still open, therefore total profit for open trade(s) is 14 x 9 = 126 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.

DateSat, 05/18/2019 - 11:02
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 107.65, beginning of uptrend is expected.
  • We make sure when the resistance at 111.95 breaks.
  • If the support at 107.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.

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 trough is formed in daily chart at 107.65 on 05/09/2019, so more gains to resistance(s) 109.10, 109.90, 110.50 and maximum to Major Resistance (111.95) 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. 109.10
  2. 109.90
  3. 110.50
  4. 111.95
  5. 113.40
  6. 114.60
  7. 116.15
  8. 118.55
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 22 Jun 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 15 Jun 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 8 Jun 2019
Swiss Franc vs. Japanese Yen (CHFJPY) free Sat, 1 Jun 2019
Swiss Franc vs. Japanese Yen (CHFJPY) Sat, 25 May 2019