website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

Download MT4 template file

Trade Setup
#CHFJPY
Total Profit: 528 pip
Closed trade(s): 24 pip Profit
Open trade(s): 504 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 108.86 based on 'Two-day reversal candle (Hammer)' at 2019.06.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 109.10 touched at 2019.06.05 with 24 pip Profit.

Open Profit:
Profit for one trade is 109.49(current price) - 108.86(open price) = 63 pip
8 trade(s) still open, therefore total profit for open trade(s) is 63 x 8 = 504 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.
DateJune 8, 2019 - 19:24
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 downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 107.90 on 05/31/2019, so more gains to resistance(s) 109.90, 110.50 and maximum to Major Resistance (111.95) 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. 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) new Sun, 21 Apr 2024
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
History
Daily-Trading-Opportunities on CHFJPY.