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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY
Trade Setup

#EURJPY
Total Profit: 3050 pip
Closed trade(s): 796 pip Profit
Open trade(s): 2254 pip Profit

Trade Setup:
We opened 10 SELL trades @ 142.731 based on 'Peak' entry method at 2022-09-14.

Closed Profit:
TP1 @ 141.558 touched at 2022-09-22 with 117 pip Profit.
TP2 @ 139.958 touched at 2022-09-22 with 277 pip Profit.
TP3 @ 138.711 touched at 2022-09-22 with 402 pip Profit.
117 + 277 + 402 = 796 pip

Open Profit:
Profit for one SELL trade is 142.731(open price) - 139.512(current price) = 322 pip
7 trade(s) still open, therefore total profit for open trade(s) is 322 x 7 = 2254 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.

DateSeptember 22, 2022 - 13:14
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 145.630, beginning of downtrend is expected.
  • We make sure when the support at 133.145 breaks.
  • If the resistance at 145.630 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 145.630 on 09/12/2022, so more losses to support(s) 138.711, 136.876, 134.910 and minimum to Major Support (133.145) 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. 141.558
  2. 139.958
  3. 138.711
  4. 136.876
  5. 134.910
  6. 133.145
  7. 130.160
  8. 127.474
  9. 124.493
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) Sat, 23 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 17 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 9 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 2 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 25 Feb 2024