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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: -402 pip
Closed trade(s): 0 pip Profit
Open trade(s): -402 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 122.84 based on 'Close below 123.3' entry method at 2020.09.22.

Open Profit:
Profit for one trade is 122.84(open price) - 123.51(current price) = -67 pip
6 trade(s) still open, therefore total profit for open trade(s) is -67 x 6 = -402 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateOctober 17, 2020 - 22:00
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 127.050 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 125.05 on 10/09/2020, so more losses to support(s) 123.30, 122.25, 121.15 and more depths 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 45.

Take Profits:

  1. 122.25
  2. 121.15
  3. 119.30
  4. 117.75
  5. 114.45
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) Sat, 23 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 17 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 9 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 2 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 25 Feb 2024