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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. 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 vs. Japanese Yen (EURJPY) new Sat, 19 Oct 2019
Euro vs. Japanese Yen (EURJPY) free Sat, 12 Oct 2019
Euro vs. Japanese Yen (EURJPY) Sat, 5 Oct 2019
Euro vs. Japanese Yen (EURJPY) Sat, 28 Sep 2019
Euro vs. Japanese Yen (EURJPY) Sat, 21 Sep 2019