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 Euro / Japanese Yen technical chart
Symbol EURJPY

Download MT4 template file

Trade Setup
#EURJPY
Total Profit: 847 pip
Closed trade(s): 271 pip Profit
Open trade(s): 576 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 118.09(current price) - 117.37(open price) = 72 pip
8 trade(s) still open, therefore total profit for open trade(s) is 72 x 8 = 576 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.
  • If the Midterm level 117.450 is broken, we will close open trades.
  • Price may also reach 117.450, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateSeptember 28, 2019 - 17:41
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 117.450, beginning of uptrend is expected.
  • We make sure when the resistance at 120.800 breaks.
  • If the support at 117.450 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 117.450 is broken.

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 peak is formed in daily chart at 120.00 on 09/13/2019, so more losses minimum to Major Support (117.45) 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 46.

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) Sun, 14 Apr 2024
Euro / Japanese Yen (EURJPY) Sat, 6 Apr 2024
Euro / Japanese Yen (EURJPY) Sat, 30 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 23 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURJPY.