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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: 1733 pip
Closed trade(s): 167 pip Profit
Open trade(s): 1566 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 117.89 (day close price) based on 'Two-day reversal candle (Hammer)' at 2019.10.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 118.20 touched at 2019.10.10 with 31 pip Profit.
TP2 @ 119.25 touched at 2019.10.11 with 136 pip Profit.
31 + 136 = 167 pip

Open Profit:
Profit for one trade is 119.63(current price) - 117.89(open price) = 174 pip
9 trade(s) still open, therefore total profit for open trade(s) is 174 x 9 = 1566 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, 10/12/2019 - 19:22
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.
  • A trough is formed in daily chart at 117.07 on 10/03/2019, so more gains to resistance(s) 120.00 and 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 63.

Take Profits:

  1. 118.20
  2. 119.25
  3. 120.00
  4. 120.80
  5. 122.30
  6. 123.70
  7. 125.10
  8. 126.65
  9. 129.10
  10. 133.10
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Japanese Yen (EURJPY) new Sat, 16 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 9 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 2 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 26 Oct 2019
Euro vs. Japanese Yen (EURJPY) Sat, 19 Oct 2019