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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trade Setup

#CHFJPY
Total Profit: -1566 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1566 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 128.79 (day close price) based on 'Peak' at 2015.05.19.

Open Profit:
Profit for one trade is 128.79(open price) - 130.53(current price) = -174 pip
9 trade(s) still open, therefore total profit for open trade(s) is -174 x 9 = -1566 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (134.60 to 138.30). 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 (134.60)
    • Resistance on 06/22/2015
    • Peak on 06/11/2015
    • Peak on 06/10/2015
    • Peak on 06/09/2015
    • Resistance on 06/09/2015
    • Resistance on 06/08/2015
    • Resistance on 01/26/2015
    • Support on 01/22/2015
    • Support on 01/21/2015
  • Ending of entry zone (138.30)
    • Resistance on 01/22/2015
    • Resistance on 01/21/2015
DateJuly 4, 2015 - 16:46
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • The current trend is uptrend but the forecast is beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 134.50 on 06/24/2015, so more losses to support(s) 129.70, 127.00, 124.80 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. 131.40
  2. 129.70
  3. 127.00
  4. 124.80
  5. 123.35
  6. 122.00
  7. 119.90
  8. 116.85
  9. 113.40
  10. 111.50
Click on the level to view price action history.
Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 14 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 7 Apr 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 31 Mar 2024
Swiss Franc / Japanese Yen (CHFJPY) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on CHFJPY.