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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: 559 pip
Closed trade(s): 59 pip Profit
Open trade(s): 500 pip Profit

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

Closed Profit:
TP1 @ 122.25 touched at 2020.10.28 with 59 pip Profit.

Open Profit:
Profit for one trade is 122.84(open price) - 121.84(current price) = 100 pip
5 trade(s) still open, therefore total profit for open trade(s) is 100 x 5 = 500 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 31, 2020 - 19:27
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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 125.00 on 10/20/2020, so more losses to support(s) 121.15, 119.30, 117.75 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 34.

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) 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.