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Weekly forecast Horizon technical chart
Symbol ZENUSD

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Trade Setup

#ZENUSDT
Total Profit: 0 pip (0%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 8 BUY trade(s) @ 49.36 based on 'Valley' entry method at 2021.07.22.

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJuly 22, 2021 - 16:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 39.15, beginning of uptrend is expected.
  • We make sure when the resistance at 89.80 breaks.
  • If the support at 39.15 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 41.00 on 07/20/2021, so more gains to resistance(s) 58.45, 71.15 and maximum to Major Resistance (89.80) 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 38.

Take Profits:

  1. 58.45
  2. 71.15
  3. 89.80
  4. 104.70
  5. 119.80
  6. 139.75
  7. 169.30
Click on the level to view price action history.
Symbol Released Current Forecast
Horizon (ZENUSD) Sat, 13 Apr 2024
Horizon (ZENUSD) Sat, 6 Apr 2024
Horizon (ZENUSD) Sun, 31 Mar 2024
Horizon (ZENUSD) Sat, 23 Mar 2024
Horizon (ZENUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on ZENUSD.