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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY
Trade Setup

#EURJPY
Total Profit: 1057 pip
Closed trade(s): 70 pip Profit
Open trade(s): 987 pip Profit

Trade Setup:
We opened 8 SELL trades @ 140.427 based on 'Shooting Star' entry method at 2022-07-21.

Closed Profit:
TP1 @ 139.730 touched at 2022-07-22 with 70 pip Profit.

Open Profit:
Profit for one SELL trade is 140.427(open price) - 139.017(current price) = 141 pip
7 trade(s) still open, therefore total profit for open trade(s) is 141 x 7 = 987 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.

DateJuly 24, 2022 - 21:35
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 144.250, beginning of downtrend is expected.
  • We make sure when the support at 133.145 breaks.
  • If the resistance at 144.250 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 142.310 on 07/21/2022, so more losses to support(s) 137.808, 136.580, 134.880 and minimum to Major Support (133.145) 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 46.

Take Profits:

  1. 139.730
  2. 137.808
  3. 134.880
  4. 133.145
  5. 130.160
  6. 127.474
  7. 124.493
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