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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

Download MT4 template file

Trade Setup
#USDJPY
Total Profit: -1032 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1032 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 105.35 (day close price) based on 'Valleyr' at 2020.11.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Open Profit:
Profit for one trade is 104.06(current price) - 105.35(open price) = -129 pip
8 trade(s) still open, therefore total profit for open trade(s) is -129 x 8 = -1032 pip
#USDJPY
Total Profit: -1940 pip
Closed trade(s): 52 pip Profit
Open trade(s): -1992 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 107.38 based on 'Valley' at 2020.06.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 107.90 touched at 2020.06.30 with 52 pip Profit.

Open Profit:
Profit for one trade is 104.06(current price) - 107.38(open price) = -332 pip
6 trade(s) still open, therefore total profit for open trade(s) is -332 x 6 = -1992 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.
DateNovember 28, 2020 - 21:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 103.150, beginning of uptrend is expected.
  • We make sure when the resistance at 106.000 breaks.
  • If the support at 103.150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 103.64 on 11/18/2020, so more gains to resistance(s) 104.15, 104.45 and maximum to Major Resistance (106.00) 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 43.

Take Profits:

  1. 106.00
  2. 106.95
  3. 107.90
  4. 108.85
  5. 110.20
  6. 112.25
  7. 114.55
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Japanese Yen (USDJPY) new Sun, 21 Apr 2024
US Dollar / Japanese Yen (USDJPY) Sun, 14 Apr 2024
US Dollar / Japanese Yen (USDJPY) Sat, 6 Apr 2024
US Dollar / Japanese Yen (USDJPY) Sat, 30 Mar 2024
US Dollar / Japanese Yen (USDJPY) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on USDJPY.