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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup

#EURJPY
Total Profit: 14423 pip
Closed trade(s): 6083 pip Profit
Open trade(s): 8340 pip Profit
_______________________________________________
Trade Setup:
We opened 14 BUY trade(s) @ 115.89 (day close price) based on 'Two-day reversal candle (Hammer)' at 2017.04.17 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURJPY...

Closed Profit:
TP1 @ 117.35 touched at 2017.04.20 with 146 pip Profit.
TP2 @ 118.45 touched at 2017.04.24 with 256 pip Profit.
TP3 @ 120.50 touched at 2017.04.24 with 461 pip Profit.
TP4 @ 122.90 touched at 2017.05.04 with 701 pip Profit.
TP5 @ 124.10 touched at 2017.05.08 with 821 pip Profit.
TP6 @ 126.80 touched at 2017.06.27 with 1091 pip Profit.
TP7 @ 128.20 touched at 2017.06.29 with 1231 pip Profit.
TP8 @ 129.65 touched at 2017.07.07 with 1376 pip Profit.
146 + 256 + 461 + 701 + 821 + 1091 + 1231 + 1376 = 6083 pip

Open Profit:
Profit for one trade is 129.79(current price) - 115.89(open price) = 1390 pip
6 trade(s) still open, therefore total profit for open trade(s) is 1390 x 6 = 8340 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (115.95 to 114.10). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (115.95)
    • Resistance on 04/17/2017
    • Resistance on 04/14/2017
    • Support on 04/12/2017
    • Support on 11/15/2016
    • Resistance on 11/09/2016
    • Resistance on 11/08/2016
    • Resistance on 11/07/2016
    • Resistance on 10/07/2016
    • Resistance on 10/06/2016
    • Resistance on 10/05/2016
    • Resistance on 09/14/2016
    • Peak on 09/09/2016
    • Resistance on 09/09/2016
    • Resistance on 09/02/2016
    • Resistance on 09/01/2016
    • Support on 07/28/2016
    • Support on 07/21/2016
    • Resistance on 07/13/2016
    • Resistance on 07/12/2016
    • Support on 06/16/2016
  • Ending of entry zone (114.10)
    • Support on 11/09/2016
    • Support on 11/04/2016
    • Support on 11/03/2016
    • Resistance on 10/26/2016
    • Resistance on 10/20/2016
    • Resistance on 10/19/2016
    • Support on 10/17/2016
    • Support on 10/14/2016
    • Support on 10/13/2016
    • Support on 10/12/2016
    • Support on 10/11/2016
    • Resistance on 10/03/2016
    • Resistance on 09/30/2016
    • Resistance on 09/29/2016
    • Resistance on 09/21/2016
    • Resistance on 09/20/2016
    • Support on 09/16/2016
    • Support on 09/13/2016
    • Support on 09/12/2016
    • Support on 09/08/2016
    • Support on 09/07/2016
    • Resistance on 08/29/2016
    • Resistance on 08/26/2016
    • Resistance on 08/22/2016
    • Resistance on 08/12/2016
    • Support on 08/01/2016
    • Resistance on 06/28/2016
    • Support on 01/07/2013
    • Support on 01/02/2013
    • Resistance on 12/28/2012
    • Resistance on 12/27/2012
    • Resistance on 08/04/2011
    • Support on 06/24/2011
    • Support on 06/23/2011
    • Support on 06/20/2011
    • Support on 06/17/2011
    • Support on 06/16/2011
    • Support on 05/23/2011
    • Support on 05/17/2011
    • Support on 05/12/2011
    • Support on 03/28/2011
    • Support on 03/27/2011
    • Support on 03/24/2011
    • Support on 03/23/2011
    • Support on 03/21/2011
    • Support on 03/14/2011
    • Support on 03/10/2011
    • Resistance on 02/22/2011
    • Resistance on 02/21/2011
    • Resistance on 01/27/2011
    • Resistance on 11/18/2010
    • Support on 11/04/2010
    • Resistance on 10/21/2010
    • Support on 10/14/2010
    • Resistance on 10/12/2010
    • Support on 10/10/2010
    • Support on 10/08/2010
    • Support on 10/07/2010
    • Resistance on 09/30/2010
    • Resistance on 09/29/2010
    • Resistance on 09/28/2010
    • Resistance on 08/09/2010
    • Resistance on 08/05/2010
    • Resistance on 08/03/2010
    • Resistance on 08/02/2010
    • Resistance on 07/29/2010
    • Resistance on 06/03/2010
    • Resistance on 05/23/2010
    • Resistance on 05/21/2010
    • Resistance on 05/20/2010
    • Resistance on 05/19/2010
    • Resistance on 05/16/2010
    • Support on 05/14/2010
    • Support on 05/07/2010
    • Support on 05/06/2010

DateSeptember 9, 2017 - 10:11
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 131.70 on 08/30/2017, so more losses to support(s) 129.65, 128.20, 126.80 and minimum to Trend Hunter Buy Zone (115.95 to 114.10) 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. 117.35
  2. 118.45
  3. 120.50
  4. 122.90
  5. 124.10
  6. 126.80
  7. 128.20
  8. 129.65
  9. 132.20
  10. 135.00
  11. 141.15
  12. 145.70
  13. 149.15
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