Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

Download MT4 template file

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 / Japanese Yen (USDJPY) new Sat, 30 May 2020
US Dollar / Japanese Yen (USDJPY) Sat, 23 May 2020
US Dollar / Japanese Yen (USDJPY) Sat, 16 May 2020
US Dollar / Japanese Yen (USDJPY) Mon, 11 May 2020
US Dollar / Japanese Yen (USDJPY) Sat, 9 May 2020