Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar / New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trade Setup
#AUDNZD
Total Profit: 1148 pip
Closed trade(s): 984 pip Profit
Open trade(s): 164 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.0486 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.
TP6 @ 1.0850 touched at 2019.11.07 with 364 pip Profit.
14 + 59 + 99 + 174 + 274 + 364 = 984 pip

Open Profit:
Profit for one trade is 1.0527(current price) - 1.0486(open price) = 41 pip
4 trade(s) still open, therefore total profit for open trade(s) is 41 x 4 = 164 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 1.0500 is broken, we will close open trades.

DateSat, 11/30/2019 - 17:43
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.0500, resumption of uptrend is expected.
  • We make sure when the resistance at 1.0660 breaks.
  • If the support at 1.0500 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.0500 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.0865 on 11/07/2019, so more losses minimum to Major Support (1.0500) 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 29.

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.