website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (113.70 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 (113.70)
    • Resistance on 11/13/2017
    • Resistance on 11/14/2017
    • Resistance on 12/11/2017
    • Resistance on 12/12/2017
    • Resistance on 12/21/2017
    • Resistance on 09/28/2018
    • Support on 10/04/2018
    • Resistance on 11/07/2018
    • Support on 11/09/2018
    • Support on 11/12/2018
    • Support on 11/13/2018
    • Resistance on 11/16/2018
    • Resistance on 11/26/2018
    • Resistance on 11/29/2018
    • Resistance on 11/30/2018
    • Resistance on 12/03/2018
    • Resistance on 12/04/2018
    • Peak on 12/13/2018
    • Resistance on 12/13/2018
    • Resistance on 12/14/2018
  • 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 11/06/2017
    • Resistance on 10/03/2018
    • Resistance on 10/04/2018
DateMarch 9, 2019 - 21:55
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 114.550, beginning of downtrend is expected.
  • We make sure when the support at 110.000 breaks.
  • If the resistance at 114.550 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The descending flag taking shape suggests we will soon see another leg lower.
  • While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 108.49 on 01/31/2019, so more gains to resistance(s) 111.80, 112.45, 113.20 and maximum to Major Resistance (114.55) 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 54.

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) 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.