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Weekly forecast Swiss Franc / 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.
DateMay 18, 2019 - 11:02
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 107.650, beginning of uptrend is expected.
  • We make sure when the resistance at 111.950 breaks.
  • If the support at 107.650 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 / 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.