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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

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Trade Setup
#USDJPY
Total Profit: 2971 pip
Closed trade(s): 1031 pip Profit
Open trade(s): 1940 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.
TP5 @ 108.75 touched at 2019.05.31 with 286 pip Profit.
TP6 @ 108.15 touched at 2019.06.03 with 346 pip Profit.
16 + 66 + 126 + 191 + 286 + 346 = 1031 pip

Open Profit:
Profit for one trade is 111.61(open price) - 107.73(current price) = 388 pip
5 trade(s) still open, therefore total profit for open trade(s) is 388 x 5 = 1940 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 109.000 is broken, we will close open trades.
DateJuly 20, 2019 - 15:27
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 109.000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 109.000 is broken.

Technical analysis:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • A peak is formed in daily chart at 109.00 on 07/10/2019, so more losses to support(s) 106.60, 104.65, 102.75 and more depths 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 44.

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) Sun, 14 Apr 2024
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US Dollar / Japanese Yen (USDJPY) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDJPY.