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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: 56 pip
Closed trade(s): 56 pip Profit
Open trade(s): 0 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...

Closed Profit:
TP1 @ 126.65 touched at 2019.03.18 with 56 pip Profit.

7 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (123.80 to 123.40). 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 (123.80)
    • Support on 03/04/2016
    • Support on 03/08/2016
    • Support on 03/09/2016
    • Support on 03/10/2016
    • Resistance on 05/09/2016
    • Resistance on 05/17/2016
    • Resistance on 05/18/2016
    • Resistance on 05/19/2016
    • Resistance on 05/20/2016
    • Resistance on 05/30/2016
    • Resistance on 05/31/2016
    • Resistance on 12/15/2016
    • Resistance on 12/30/2016
    • Resistance on 01/09/2017
    • Resistance on 05/18/2017
    • Support on 05/30/2017
    • Support on 05/31/2017
    • Resistance on 06/12/2017
    • Resistance on 06/13/2017
    • Resistance on 06/15/2017
    • Resistance on 01/03/2019
    • Resistance on 01/04/2019
    • Support on 01/14/2019
    • Support on 01/15/2019
    • Support on 01/16/2019
    • Support on 01/17/2019
    • Support on 01/24/2019
  • Ending of entry zone (123.40)
    • Support on 03/09/2016
    • Resistance on 04/15/2016
    • Resistance on 04/18/2016
    • Support on 04/21/2016
    • Support on 04/22/2016
    • Resistance on 05/04/2016
    • Resistance on 05/09/2016
    • Resistance on 05/16/2016
    • Resistance on 06/01/2016
    • Resistance on 12/08/2016
    • Resistance on 12/14/2016
    • Resistance on 12/15/2016
    • Resistance on 12/16/2016
    • Resistance on 12/30/2016
    • Resistance on 01/02/2017
    • Resistance on 01/03/2017
    • Resistance on 01/06/2017
    • Resistance on 01/09/2017
    • Resistance on 01/27/2017
    • Support on 05/08/2017
    • Support on 05/10/2017
    • Support on 05/11/2017
    • Support on 05/12/2017
    • Support on 05/18/2017
    • Support on 05/19/2017
    • Support on 05/30/2017
    • Resistance on 06/14/2017
    • Support on 01/07/2019
    • Support on 01/15/2019
    • Support on 01/16/2019

DateMarch 23, 2019 - 18:57
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 a downtrend wave below 127.500 would begin in Midterm.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 126.75 on 03/20/2019, so more losses minimum to Trend Hunter Buy Zone (123.80 to 123.40) 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 36.

Take Profits:

  1. 125.95
  2. 126.65
  3. 127.50
  4. 129.10
  5. 130.15
  6. 131.10
  7. 133.10
  8. 137.50
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