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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup
#CHFJPY
Total Profit: 1003 pip
Closed trade(s): 156 pip Profit
Open trade(s): 847 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 108.72 based on 'Two-day reversal candle (Hammer)' at 2019.06.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 109.10 touched at 2019.06.20 with 38 pip Profit.
TP2 @ 109.90 touched at 2019.06.21 with 118 pip Profit.
38 + 118 = 156 pip

Open Profit:
Profit for one trade is 109.93(current price) - 108.72(open price) = 121 pip
7 trade(s) still open, therefore total profit for open trade(s) is 121 x 7 = 847 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 22, 2019 - 20:44
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 uptrend #1 and it prevented price from more losses.
  • A trough is formed in daily chart at 108.20 on 06/18/2019, so more gains to resistance(s) 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 62.

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.