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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: 99 pip
Closed trade(s): 0 pip Profit
Open trade(s): 99 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 125.19 based on 'Valley & Close above 124.90' at 2019.04.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 125.30(current price) - 125.19(open price) = 11 pip
9 trade(s) still open, therefore total profit for open trade(s) is 11 x 9 = 99 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.
DateApril 6, 2019 - 14:59
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:

  • A trough is formed in daily chart at 123.65 on 03/28/2019, so more gains to resistance(s) 125.95, 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 51.

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) 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.