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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: 2600 pip
Closed trade(s): 1732 pip Profit
Open trade(s): 868 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 112.82 based on 'Peak' at 2018.12.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 112.45 touched at 2018.12.18 with 37 pip Profit.
TP2 @ 111.80 touched at 2018.12.20 with 102 pip Profit.
TP3 @ 110.75 touched at 2018.12.24 with 207 pip Profit.
TP4 @ 109.60 touched at 2019.01.02 with 322 pip Profit.
TP5 @ 108.40 touched at 2019.01.03 with 442 pip Profit.
TP6 @ 106.60 touched at 2019.01.03 with 622 pip Profit.
37 + 102 + 207 + 322 + 442 + 622 = 1732 pip

Open Profit:
Profit for one trade is 112.82(open price) - 110.65(current price) = 217 pip
4 trade(s) still open, therefore total profit for open trade(s) is 217 x 4 = 868 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 111.40 is broken, we will close open trades.
  • Price may also reach 111.40, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 02/23/2019 - 19:51
Currentrange bound
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 111.40 would begin in Midterm.
  • We will close our open trades, if the Midterm level 111.40 is broken.

Technical analysis:

  • The descending flag taking shape suggests we will soon see another leg lower.
  • The RSI bounced from the resistance #1 at 64 and it prevented price from more gains.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 108.49 on 01/31/2019, so more gains to resistance(s) 110.75 and maximum to Major Resistance (111.40) 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 57.

Take Profits:

  1. 112.45
  2. 111.80
  3. 110.75
  4. 109.60
  5. 108.40
  6. 106.60
  7. 104.65
  8. 102.75
  9. 100.00
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Japanese Yen (USDJPY) new Sat, 16 Nov 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 9 Nov 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 2 Nov 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 26 Oct 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 19 Oct 2019