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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar vs. New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trade Setup
#AUDNZD
Total Profit: 1840 pip
Closed trade(s): 620 pip Profit
Open trade(s): 1220 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.0486 (day close price) based on 'Two-day reversal candle(Hammer)' at 2019.07.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 1.0500 touched at 2019.08.08 with 14 pip Profit.
TP2 @ 1.0545 touched at 2019.08.16 with 59 pip Profit.
TP3 @ 1.0585 touched at 2019.08.21 with 99 pip Profit.
TP4 @ 1.0660 touched at 2019.08.29 with 174 pip Profit.
TP5 @ 1.0760 touched at 2019.09.13 with 274 pip Profit.
14 + 59 + 99 + 174 + 274 = 620 pip

Open Profit:
Profit for one trade is 1.0730(current price) - 1.0486(open price) = 244 pip
5 trade(s) still open, therefore total profit for open trade(s) is 244 x 5 = 1220 pip

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.
  • If the Midterm level 1.0630 is broken, we will close open trades.

DateSat, 10/19/2019 - 18:29
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.0630 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • A trough is formed in daily chart at 1.0665 on 10/08/2019, so more gains to resistance(s) 1.0760, 1.0850, 1.0990 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 1.0500
  2. 1.0545
  3. 1.0585
  4. 1.0660
  5. 1.0760
  6. 1.0850
  7. 1.0990
  8. 1.1140
  9. 1.1335
Click on the level to view price action history.