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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup

#EURJPY
Total Profit: 4510 pip
Closed trade(s): 4510 pip Profit
Open trade(s): 0 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.
TP4 @ 128.20 touched at 2018.05.24 with 587 pip Profit.
TP5 @ 126.80 touched at 2018.05.29 with 727 pip Profit.
82 + 242 + 442 + 587 + 727 = 2080 pip

Closed Profit:
Profit for one trade is 134.06(open price) - 130.02(current price) = 405 pip
6 trade(s) closed at market price as the major resistance is broken, therefore total profit will increase by 405 x 6 = 2430 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateSeptember 3, 2018 - 11:16
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 124.600 would begin in Midterm.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 130.85 on 08/30/2018, so more losses to support(s) 128.55, 127.10 and minimum to Major Support (124.60) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 52.

Supports and Resistances:

  1. 111.25
  2. 114.85
  3. 118.45
  4. 122.30
  5. 124.10
  6. 128.55
  7. 129.65
  8. 131.65
  9. 133.25
  10. 134.40
  11. 136.65
  12. 141.15
  13. 145.70
  14. 149.15
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) new 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.