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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: 88 pip
Closed trade(s): 0 pip Profit
Open trade(s): 88 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 126.09 based on 'Valley & Close above 125.95' at 2019.03.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 126.20(current price) - 126.09(open price) = 11 pip
8 trade(s) still open, therefore total profit for open trade(s) is 11 x 8 = 88 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 03/16/2019 - 19:24
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 124.25, beginning of uptrend is expected.
  • We make sure when the resistance at 127.50 breaks.
  • If the support at 124.25 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 124.25 on 03/08/2019, so more gains to resistance(s) 126.65 and maximum to Major Resistance (127.50) 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 56.

Take Profits:

  1. 126.65
  2. 127.50
  3. 129.10
  4. 130.15
  5. 131.10
  6. 133.10
  7. 137.50
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) new Sat, 30 May 2020
Euro / Japanese Yen (EURJPY) free Sat, 23 May 2020
Euro / Japanese Yen (EURJPY) free Sat, 16 May 2020
Euro / Japanese Yen (EURJPY) Mon, 11 May 2020
Euro / Japanese Yen (EURJPY) Sat, 9 May 2020