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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: 2175 pip
Closed trade(s): 271 pip Profit
Open trade(s): 1904 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 117.37 (day close price) based on 'Valley' at 2019.09.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 118.20 touched at 2019.09.05 with 83 pip Profit.
TP2 @ 119.25 touched at 2019.09.12 with 188 pip Profit.
83 + 188 = 271 pip

Open Profit:
Profit for one trade is 119.75(current price) - 117.37(open price) = 238 pip
8 trade(s) still open, therefore total profit for open trade(s) is 238 x 8 = 1904 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, 09/14/2019 - 19:15
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 114.85, beginning of uptrend is expected.
  • We make sure when the resistance at 120.80 breaks.
  • If the support at 114.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the trough at 115.86 on 2019-09-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 115.85 on 09/03/2019, so more gains maximum to Major Resistance (120.80) 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. 118.20
  2. 119.25
  3. 120.80
  4. 122.30
  5. 123.70
  6. 125.10
  7. 126.65
  8. 129.10
  9. 133.10
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) new Sat, 30 May 2020
Euro / Japanese Yen (EURJPY) free Sat, 23 May 2020
Euro / Japanese Yen (EURJPY) free Sat, 16 May 2020
Euro / Japanese Yen (EURJPY) Mon, 11 May 2020
Euro / Japanese Yen (EURJPY) Sat, 9 May 2020