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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (117.70 to 119.15). 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 (117.70)
    • Peak on 04/10/2014
    • Peak on 04/07/2014
    • Peak on 04/04/2014
    • Peak on 04/03/2014
    • Peak on 04/02/2014
    • Resistance on 04/02/2014
    • Resistance on 03/13/2014
    • Resistance on 03/11/2014
    • Resistance on 03/10/2014
    • Resistance on 03/07/2014
    • Support on 12/31/2013
    • Peak on 04/27/2012
  • Ending of entry zone (119.15)
    • Peak on 01/07/2014
    • Peak on 01/02/2014
    • Peak on 12/31/2013
    • Peak on 12/30/2013
    • Peak on 12/27/2013
    • Resistance on 12/27/2013

DateApril 12, 2014 - 14:59
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 117.70 on 04/10/2014, so more losses to support(s) 114.40, 112.95, 111.50 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 50.

Take Profits:

  1. 116.20
  2. 114.40
  3. 112.95
  4. 111.50
  5. 109.75
  6. 108.60
  7. 107.40
  8. 106.05
  9. 103.65
  10. 102.35
  11. 101.65
  12. 99.30
  13. 97.65
  14. 96.65
  15. 94.10
  16. 92.40
  17. 91.00
  18. 89.00
  19. 87.65
  20. 86.40
  21. 84.65
  22. 83.75
  23. 82.40
  24. 81.00
Click on the level to view price action history.

Symbol Released Current Forecast
Swiss Franc / Japanese Yen (CHFJPY) new Sun, 21 Apr 2024
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