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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup

#EURJPY
Total Profit: 3854 pip
Closed trade(s): 766 pip Profit
Open trade(s): 3088 pip Profit
_______________________________________________
Trade Setup:
We opened 11 SELL trade(s) @ 134.06 (day close price) based on 'Peak' at 2018.02.07 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 133.25 touched at 2018.02.08 with 82 pip Profit.
TP2 @ 131.65 touched at 2018.02.14 with 242 pip Profit.
TP3 @ 129.65 touched at 2018.03.02 with 442 pip Profit.
82 + 242 + 442 = 766 pip

Open Profit:
Profit for one trade is 134.06(open price) - 130.20(current price) = 386 pip
8 trade(s) still open, therefore total profit for open trade(s) is 386 x 8 = 3088 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.
  • If the Midterm level 131.650 is broken, we will close open trades.
DateMarch 3, 2018 - 20:41
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 131.650 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 131.650 is broken.

Technical analysis:

  • A peak is formed in daily chart at 137.50 on 02/02/2018, so more losses to support(s) 129.65, 128.20, 126.80 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 31.

Take Profits:

  1. 133.25
  2. 131.65
  3. 129.65
  4. 128.20
  5. 126.80
  6. 124.10
  7. 122.30
  8. 118.45
  9. 114.85
  10. 111.25
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.