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

Download MT4 template file

Trade Setup
#AUDNZD
Total Profit: 303 pip
Closed trade(s): 303 pip Profit
Open trade(s): 0 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.
TP3 @ 1.0525 touched at 2020.03.04 with 171 pip Profit.
41 + 91 + 171 = 303 pip

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

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 14, 2020 - 21:25
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • 1.03150 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 1.0530 on 03/04/2020, so more losses to support(s) 1.0155, 1.0020 and more depths 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 27.

Supports and Resistances:

  1. 1.1140
  2. 1.0990
  3. 1.0850
  4. 1.0730
  5. 1.0660
  6. 1.0585
  7. 1.0525
  8. 1.0445
  9. 1.0395
  10. 1.0020
Click on the level to view price action history.