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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar vs. Japanese Yen technical chart
Symbol USDJPY

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Trade Setup
#USDJPY
Total Profit: 3113 pip
Closed trade(s): 2228 pip Profit
Open trade(s): 885 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 111.61 based on 'Two-day reversal candle (Shooting Star)' at 2019.04.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 111.45 touched at 2019.04.26 with 16 pip Profit.
TP2 @ 110.95 touched at 2019.05.06 with 66 pip Profit.
TP3 @ 110.35 touched at 2019.05.06 with 126 pip Profit.
TP4 @ 109.70 touched at 2019.05.09 with 191 pip Profit.
TP5 @ 108.75 touched at 2019.05.31 with 286 pip Profit.
TP6 @ 108.15 touched at 2019.06.03 with 346 pip Profit.
TP7 @ 106.60 touched at 2019.08.02 with 501 pip Profit.
TP8 @ 104.65 touched at 2019.08.26 with 696 pip Profit.
16 + 66 + 126 + 191 + 286 + 346 + 501 + 696 = 2228 pip

Open Profit:
Profit for one trade is 111.61(open price) - 108.66(current price) = 295 pip
3 trade(s) still open, therefore total profit for open trade(s) is 295 x 3 = 885 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 109.00 is broken, we will close open trades.

DateSat, 10/26/2019 - 19:52
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 106.60, beginning of uptrend is expected.
  • We make sure when the resistance at 109.00 breaks.
  • If the support at 106.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 109.00 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 106.50 on 10/03/2019, so more gains to resistance(s) 108.75 and maximum to Major Resistance (109.00) 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 60.

Take Profits:

  1. 111.45
  2. 110.95
  3. 110.35
  4. 109.70
  5. 108.75
  6. 108.15
  7. 106.60
  8. 104.65
  9. 102.75
  10. 100.00
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Japanese Yen (USDJPY) new Sat, 7 Dec 2019
US Dollar vs. Japanese Yen (USDJPY) free Sat, 30 Nov 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 23 Nov 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 16 Nov 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 9 Nov 2019