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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: -702 pip
Closed trade(s): 0 pip Profit
Open trade(s): -702 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 123.55 (day close price) based on 'Valley' at 2019.05.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 122.77(current price) - 123.55(open price) = -78 pip
9 trade(s) still open, therefore total profit for open trade(s) is -78 x 9 = -702 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, 05/18/2019 - 11:03
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 122.10, beginning of uptrend is expected.
  • We make sure when the resistance at 126.65 breaks.
  • If the support at 122.10 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 122.50 on 05/09/2019, so more gains to resistance(s) 123.10, 123.80, 124.35 and maximum to Major Resistance (126.65) 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 33.

Take Profits:

  1. 123.80
  2. 124.35
  3. 125.10
  4. 125.95
  5. 126.65
  6. 129.10
  7. 130.15
  8. 133.10
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Japanese Yen (EURJPY) new Sat, 14 Sep 2019
Euro vs. Japanese Yen (EURJPY) free Sat, 7 Sep 2019
Euro vs. Japanese Yen (EURJPY) Wed, 4 Sep 2019
Euro vs. Japanese Yen (EURJPY) Sat, 31 Aug 2019
Euro vs. Japanese Yen (EURJPY) Sat, 24 Aug 2019