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

#EURJPY
Total Profit: 1345 pip
Closed trade(s): 442 pip Profit
Open trade(s): 903 pip Profit

Trade Setup:
We opened 9 SELL trades @ 144.434 based on 'Peak' entry method at 2023-03-03.

Closed Profit:
TP1 @ 142.910 touched at 2023-03-13 with 152 pip Profit.
TP2 @ 141.533 touched at 2023-03-13 with 290 pip Profit.
152 + 290 = 442 pip

Open Profit:
Profit for one SELL trade is 144.434(open price) - 143.141(current price) = 129 pip
7 trade(s) still open, therefore total profit for open trade(s) is 129 x 7 = 903 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.

DateMarch 13, 2023 - 19:44
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 148.400, beginning of downtrend is expected.
  • We make sure when the support at 137.183 breaks.
  • If the resistance at 148.400 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 145.560 on 03/02/2023, so more losses to support(s) 142.910, 141.533, 139.926 and minimum to Major Support (137.183) 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 49.

Take Profits:

  1. 142.910
  2. 141.533
  3. 139.926
  4. 138.800
  5. 137.183
  6. 134.910
  7. 133.145
  8. 130.160
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