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Trend Hunter performance since 2015 for this symbol

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

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Trade Setup
#AUDNZD
Total Profit: 748 pip
Closed trade(s): 132 pip Profit
Open trade(s): 616 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.0354 (day close price) based on 'Two-day reversal candle(Hammer)' at 2020.02.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 1.0395 touched at 2020.02.04 with 41 pip Profit.
TP2 @ 1.0445 touched at 2020.02.06 with 91 pip Profit.
41 + 91 = 132 pip

Open Profit:
Profit for one trade is 1.0431(current price) - 1.0354(open price) = 77 pip
8 trade(s) still open, therefore total profit for open trade(s) is 77 x 8 = 616 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.

DateSat, 02/15/2020 - 15:29
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.0315, beginning of uptrend is expected.
  • We make sure when the resistance at 1.0525 breaks.
  • If the support at 1.0315 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.0505 on 02/10/2020, so more losses to support(s) 1.0395 and minimum to Major Support (1.0315) 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 54.

Take Profits:

  1. 1.0395
  2. 1.0445
  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.