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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: 2223 pip
Closed trade(s): 669 pip Profit
Open trade(s): 1554 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 120.11(current price) - 117.89(open price) = 222 pip
7 trade(s) still open, therefore total profit for open trade(s) is 222 x 7 = 1554 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.

DateSat, 12/07/2019 - 17:35
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 119.25, beginning of uptrend is expected.
  • We make sure when the resistance at 121.50 breaks.
  • If the support at 119.25 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 119.25 is broken.

Technical analysis:

  • A peak is formed in daily chart at 121.00 on 12/02/2019, so more losses to support(s) 120.00 and minimum to Major Support (119.25) 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 48.

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, 18 Jan 2020
Euro vs. Japanese Yen (EURJPY) free Sat, 11 Jan 2020
Euro vs. Japanese Yen (EURJPY) Sat, 4 Jan 2020
Euro vs. Japanese Yen (EURJPY) Sat, 28 Dec 2019
Euro vs. Japanese Yen (EURJPY) Sun, 22 Dec 2019