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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: 2419 pip
Closed trade(s): 669 pip Profit
Open trade(s): 1750 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 117.89 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.
TP3 @ 120.00 touched at 2019.10.15 with 211 pip Profit.
TP4 @ 120.80 touched at 2019.10.17 with 291 pip Profit.
31 + 136 + 211 + 291 = 669 pip

Open Profit:
Profit for one trade is 120.39(current price) - 117.89(open price) = 250 pip
7 trade(s) still open, therefore total profit for open trade(s) is 250 x 7 = 1750 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 119.25 is broken, we will close open trades.
  • Price may also reach 119.25, 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.

DateSat, 11/09/2019 - 17:50
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 119.25 would begin in Midterm.
  • We will close our open trades, if the Midterm level 119.25 is broken.

Technical analysis:

  • A peak is formed in daily chart at 121.45 on 10/31/2019, so more losses to support(s) 120.00 and minimum to Major Support (119.25) 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 53.

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, 7 Dec 2019
Euro vs. Japanese Yen (EURJPY) Sat, 30 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 23 Nov 2019
Euro vs. Japanese Yen (EURJPY) free Sat, 16 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 9 Nov 2019