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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

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Trade Setup

#USDJPY
Total Profit: 5087 pip
Closed trade(s): 5087 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 106.61 (day close price) based on 'Two-day reversal candle (Hammer)' at 2018.04.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 107.30 touched at 2018.04.05 with 69 pip Profit.
TP2 @ 108.15 touched at 2018.04.23 with 154 pip Profit.
TP3 @ 109.35 touched at 2018.04.25 with 274 pip Profit.
TP4 @ 110.95 touched at 2018.05.18 with 434 pip Profit.
TP5 @ 112.05 touched at 2018.07.11 with 544 pip Profit.
TP6 @ 113.45 touched at 2018.09.27 with 684 pip Profit.
TP7 @ 114.35 touched at 2018.10.03 with 774 pip Profit.
69 + 154 + 274 + 434 + 544 + 684 + 774 = 2933 pip

Closed Profit:
Profit for one trade is 113.79(current price) - 106.61(open price) = 718 pip
3 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 718 x 3 = 2154 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (113.45 to 114.55). 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 (113.45)
    • Resistance on 10/06/2017
    • Support on 11/02/2017
    • Support on 11/08/2017
    • Support on 11/09/2017
    • Support on 11/10/2017
    • Support on 11/13/2017
    • Resistance on 11/15/2017
    • Resistance on 12/20/2017
    • Resistance on 12/21/2017
    • Resistance on 12/22/2017
    • Resistance on 12/27/2017
    • Resistance on 01/08/2018
    • Resistance on 09/27/2018
    • Support on 10/03/2018
    • Resistance on 10/31/2018
    • Resistance on 11/06/2018
    • Support on 11/08/2018
    • Support on 11/14/2018
    • Support on 11/15/2018
  • Ending of entry zone (114.55)
    • Resistance on 11/30/2016
    • Resistance on 12/01/2016
    • Resistance on 12/05/2016
    • Support on 01/11/2017
    • Support on 01/12/2017
    • Resistance on 01/23/2017
    • Resistance on 01/26/2017
    • Resistance on 02/14/2017
    • Resistance on 02/15/2017
    • Resistance on 03/02/2017
    • Resistance on 03/03/2017
    • Resistance on 03/08/2017
    • Resistance on 07/11/2017
    • Resistance on 10/27/2017
    • Resistance on 11/06/2017
    • Resistance on 10/03/2018
    • Resistance on 10/04/2018

DateNovember 17, 2018 - 18:31
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 114.700, beginning of downtrend is expected.
  • We make sure when the support at 111.600 breaks.
  • If the resistance at 114.700 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 112.65
  2. 112.05
  3. 111.60
  4. 110.75
  5. 109.60
  6. 108.40
  7. 106.60
  8. 104.65
  9. 100.00
Click on the level to view price action history.

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