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

Trade Setup
#USDJPY
Total Profit: 1547 pip
Closed trade(s): 399 pip Profit
Open trade(s): 1148 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 111.61 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2019.04.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 111.45 touched at 2019.04.26 with 16 pip Profit.
TP2 @ 110.95 touched at 2019.05.06 with 66 pip Profit.
TP3 @ 110.35 touched at 2019.05.06 with 126 pip Profit.
TP4 @ 109.70 touched at 2019.05.09 with 191 pip Profit.
16 + 66 + 126 + 191 = 399 pip

Open Profit:
Profit for one trade is 111.61(open price) - 109.97(current price) = 164 pip
7 trade(s) still open, therefore total profit for open trade(s) is 164 x 7 = 1148 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.

DateMay 11, 2019 - 20:33
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 112.450, beginning of downtrend is expected.
  • We make sure when the support at 109.700 breaks.
  • If the resistance at 112.450 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.
  • The RSI support #1 at 37 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 112.40 on 04/24/2019, so more losses minimum to Major Support (109.70) 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 31.

Take Profits:

  1. 111.45
  2. 110.95
  3. 110.35
  4. 109.70
  5. 108.75
  6. 108.15
  7. 106.60
  8. 104.65
  9. 102.75
  10. 100.00
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Japanese Yen (USDJPY) Sat, 23 Mar 2024
US Dollar / Japanese Yen (USDJPY) free Sun, 17 Mar 2024
US Dollar / Japanese Yen (USDJPY) free Sat, 9 Mar 2024
US Dollar / Japanese Yen (USDJPY) Sat, 2 Mar 2024
US Dollar / Japanese Yen (USDJPY) Sun, 25 Feb 2024