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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

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Trade Setup

#USDJPY
Total Profit: 2749 pip
Closed trade(s): 2749 pip Profit
Open trade(s): 0 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...

Closed Profit:
TP1 @ 106.00 touched at 2021.02.16 with 65 pip Profit.
TP2 @ 106.95 touched at 2021.03.02 with 160 pip Profit.
TP3 @ 107.90 touched at 2021.03.04 with 255 pip Profit.
TP4 @ 108.85 touched at 2021.03.08 with 350 pip Profit.
TP5 @ 110.20 touched at 2021.03.30 with 485 pip Profit.
65 + 160 + 255 + 350 + 485 = 1315 pip

Closed Profit:
Profit for one trade is 110.13(current price) - 105.35(open price) = 478 pip
3 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 478 x 3 = 1434 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (110.60 to 111.65). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (110.60)
    • Support on 03/23/2017
    • Support on 03/24/2017
    • Support on 03/27/2017
    • Support on 03/28/2017
    • Support on 03/29/2017
    • Support on 04/04/2017
    • Support on 04/05/2017
    • Support on 04/06/2017
    • Support on 04/07/2017
    • Resistance on 04/24/2017
    • Support on 05/18/2017
    • Support on 05/30/2017
    • Support on 05/31/2017
    • Support on 06/01/2017
    • Resistance on 06/06/2017
    • Resistance on 06/09/2017
    • Support on 07/24/2017
    • Support on 07/28/2017
    • Support on 08/07/2017
    • Resistance on 08/31/2017
    • Resistance on 09/13/2017
    • Resistance on 09/14/2017
    • Support on 01/18/2018
    • Support on 01/19/2018
    • Resistance on 06/13/2018
    • Resistance on 06/19/2018
    • Resistance on 06/21/2018
    • Resistance on 06/28/2018
    • Resistance on 07/04/2018
    • Support on 07/25/2018
    • Support on 07/26/2018
    • Support on 08/10/2018
    • Support on 08/14/2018
    • Support on 08/15/2018
    • Support on 08/16/2018
    • Resistance on 08/20/2018
    • Resistance on 08/21/2018
    • Resistance on 08/22/2018
    • Support on 09/06/2018
    • Support on 09/07/2018
    • Support on 12/27/2018
    • Resistance on 02/12/2019
    • Resistance on 02/15/2019
    • Resistance on 02/18/2019
    • Support on 02/20/2019
    • Support on 02/21/2019
    • Support on 02/22/2019
    • Support on 02/25/2019
    • Support on 02/28/2019
    • Support on 03/20/2019
    • Support on 03/21/2019
    • Support on 03/29/2019
    • Resistance on 05/21/2019
    • Resistance on 05/22/2019
    • Support on 02/24/2020
    • Support on 03/23/2020
    • Support on 03/24/2020
    • Support on 03/25/2020
    • Resistance on 04/06/2021
    • Support on 07/06/2021
  • Ending of entry zone (111.65)
    • Support on 02/06/2017
    • Support on 02/07/2017
    • Support on 02/08/2017
    • Support on 02/09/2017
    • Support on 02/28/2017
    • Support on 03/21/2017
    • Resistance on 04/03/2017
    • Resistance on 04/10/2017
    • Resistance on 04/26/2017
    • Resistance on 04/27/2017
    • Resistance on 04/28/2017
    • Resistance on 05/18/2017
    • Resistance on 05/19/2017
    • Resistance on 05/22/2017
    • Resistance on 06/02/2017
    • Resistance on 06/19/2017
    • Resistance on 06/20/2017
    • Resistance on 06/21/2017
    • Support on 06/27/2017
    • Support on 06/30/2017
    • Support on 07/18/2017
    • Support on 07/19/2017
    • Support on 07/20/2017
    • Resistance on 09/18/2017
    • Resistance on 09/19/2017
    • Support on 09/22/2017
    • Support on 09/25/2017
    • Support on 09/26/2017
    • Support on 10/13/2017
    • Support on 10/16/2017
    • Resistance on 11/27/2017
    • Resistance on 11/28/2017
    • Support on 11/30/2017
    • Support on 12/01/2017
    • Resistance on 08/03/2018
    • Resistance on 09/05/2018
    • Resistance on 09/11/2018
    • Resistance on 09/12/2018
    • Support on 09/18/2018
    • Support on 10/15/2018
    • Support on 10/16/2018
    • Support on 10/26/2018
    • Resistance on 03/08/2019
    • Resistance on 03/14/2019
    • Resistance on 03/15/2019
    • Resistance on 03/18/2019
    • Resistance on 03/20/2019
    • Resistance on 04/04/2019
    • Resistance on 04/11/2019
    • Support on 04/23/2019
    • Support on 04/24/2019
    • Resistance on 04/30/2019
    • Resistance on 05/01/2019
    • Resistance on 05/02/2019
    • Resistance on 05/03/2019
    • Resistance on 02/24/2020
    • Resistance on 03/20/2020
    • Resistance on 03/23/2020
    • Resistance on 03/24/2020
    • Resistance on 03/25/2020
    • Resistance on 07/01/2021
    • Peak on 07/02/2021
    • Resistance on 07/02/2021
DateJuly 10, 2021 - 19:53
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 112.250, beginning of downtrend is expected.
  • We make sure when the support at 106.950 breaks.
  • If the resistance at 112.250 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 110.96 on 2021-03-31 and the peak at 111.65 on 2021-07-02, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 111.65 on 07/02/2021, so more losses to support(s) 109.80, 109.20, 108.60 and minimum to Major Support (106.95) 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 48.

Take Profits:

  1. 109.20
  2. 108.60
  3. 107.90
  4. 106.95
  5. 106.00
  6. 105.20
  7. 104.45
  8. 103.15
Click on the level to view price action history.
Symbol Released Current Forecast
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
US Dollar / Japanese Yen (USDJPY) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDJPY.