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Weekly forecast Australian Dollar / New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trade Setup
#AUDNZD
Total Profit: 45 pip
Closed trade(s): 45 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.0400 (day close price) based on 'Valley' at 2020.01.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 1.0445 touched at 2020.01.15 with 45 pip Profit.

9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0365 to 1.0275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.0365)
    • Support on 11/09/2016
    • Support on 12/14/2016
    • Support on 01/02/2017
    • Support on 01/03/2017
    • Support on 01/25/2017
    • Support on 01/26/2017
    • Support on 01/27/2017
    • Support on 02/01/2017
    • Support on 02/07/2017
    • Support on 06/22/2017
    • Support on 06/23/2017
    • Support on 01/03/2019
    • Support on 02/14/2019
    • Support on 02/15/2019
    • Support on 03/06/2019
    • Support on 03/07/2019
    • Resistance on 03/18/2019
    • Resistance on 03/19/2019
    • Resistance on 03/20/2019
    • Support on 08/01/2019
    • Support on 12/18/2019
    • Support on 01/10/2020
  • Ending of entry zone (1.0275)
    • Support on 01/03/2019
    • Trough on 03/25/2019
    • Support on 03/25/2019
    • Support on 08/06/2019
DateJanuary 18, 2020 - 20:19
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.02600 would begin in Midterm.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.0455 on 01/15/2020, so more losses to support(s) 1.0365, 1.0275 and minimum to Major Support (1.0260) 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 46.

Take Profits:

  1. 1.0445
  2. 1.0485
  3. 1.0525
  4. 1.0585
  5. 1.0660
  6. 1.0730
  7. 1.0850
  8. 1.0990
  9. 1.1140
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 14 Apr 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 7 Apr 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sat, 30 Mar 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 24 Mar 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDNZD.