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

Download MT4 template file

Trade Setup

#AUDNZD
Total Profit: 657 pip
Closed trade(s): 657 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.0617 (day close price) based on 'Valley' at 2021.02.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 1.0660 touched at 2021.02.05 with 43 pip Profit.
TP2 @ 1.0760 touched at 2021.02.15 with 143 pip Profit.
TP3 @ 1.0815 touched at 2021.02.22 with 198 pip Profit.
TP4 @ 1.0890 touched at 2021.03.23 with 273 pip Profit.
43 + 143 + 198 + 273 = 657 pip

All 3 trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0570 to 1.0515). 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 (1.0570)
    • Resistance on 01/11/2017
    • Resistance on 07/11/2017
    • Resistance on 07/12/2017
    • Resistance on 07/13/2017
    • Support on 04/03/2018
    • Resistance on 04/13/2018
    • Resistance on 04/16/2018
    • Support on 04/18/2018
    • Support on 12/04/2018
    • Resistance on 12/14/2018
    • Resistance on 12/17/2018
    • Resistance on 01/04/2019
    • Support on 01/08/2019
    • Support on 01/17/2019
    • Resistance on 04/05/2019
    • Resistance on 04/08/2019
    • Resistance on 04/09/2019
    • Support on 04/25/2019
    • Support on 05/02/2019
    • Resistance on 05/06/2019
    • Resistance on 05/14/2019
    • Resistance on 05/15/2019
    • Support on 05/29/2019
    • Support on 06/03/2019
    • Resistance on 06/05/2019
    • Resistance on 06/14/2019
    • Resistance on 06/17/2019
    • Resistance on 08/19/2019
    • Resistance on 08/20/2019
    • Support on 11/22/2019
    • Resistance on 04/14/2020
    • Resistance on 04/15/2020
    • Support on 05/01/2020
    • Support on 05/04/2020
    • Support on 11/11/2020
    • Resistance on 12/04/2020
    • Support on 02/02/2021
  • Ending of entry zone (1.0515)
    • Support on 01/24/2014
    • Support on 12/16/2014
    • Support on 12/17/2014
    • Resistance on 12/19/2014
    • Resistance on 12/22/2014
    • Resistance on 12/23/2014
    • Resistance on 12/24/2014
    • Resistance on 01/02/2015
    • Resistance on 01/05/2015
    • Resistance on 01/06/2015
    • Resistance on 01/12/2015
    • Support on 02/06/2015
    • Support on 02/09/2015
    • Resistance on 03/10/2015
    • Resistance on 03/11/2015
    • Resistance on 04/30/2015
    • Resistance on 05/05/2015
    • Support on 10/28/2015
    • Support on 11/02/2015
    • Support on 11/03/2015
    • Support on 06/03/2016
    • Support on 06/15/2016
    • Resistance on 06/20/2016
    • Resistance on 06/21/2016
    • Resistance on 06/24/2016
    • Resistance on 06/27/2016
    • Support on 07/29/2016
    • Support on 08/17/2016
    • Support on 08/18/2016
    • Resistance on 09/23/2016
    • Resistance on 09/26/2016
    • Resistance on 09/27/2016
    • Support on 09/29/2016
    • Support on 10/04/2016
    • Resistance on 11/03/2016
    • Resistance on 11/04/2016
    • Resistance on 11/09/2016
    • Support on 11/11/2016
    • Support on 11/17/2016
    • Resistance on 12/05/2016
    • Resistance on 01/09/2017
    • Resistance on 02/02/2017
    • Resistance on 02/03/2017
    • Support on 02/09/2017
    • Support on 05/29/2017
    • Support on 05/30/2017
    • Resistance on 06/01/2017
    • Resistance on 06/07/2017
    • Resistance on 06/15/2017
    • Resistance on 06/16/2017
    • Resistance on 06/19/2017
    • Resistance on 06/20/2017
    • Resistance on 07/03/2017
    • Resistance on 07/04/2017
    • Support on 04/06/2018
    • Support on 04/09/2018
    • Support on 04/10/2018
    • Support on 04/11/2018
    • Support on 12/05/2018
    • Support on 12/06/2018
    • Support on 12/13/2018
    • Support on 12/14/2018
    • Resistance on 12/26/2018
    • Resistance on 12/27/2018
    • Resistance on 12/28/2018
    • Resistance on 12/31/2018
    • Resistance on 01/03/2019
    • Support on 01/23/2019
    • Resistance on 01/30/2019
    • Resistance on 01/31/2019
    • Resistance on 02/04/2019
    • Resistance on 02/05/2019
    • Resistance on 02/08/2019
    • Resistance on 02/11/2019
    • Support on 05/16/2019
    • Support on 06/05/2019
    • Support on 06/11/2019
    • Support on 06/13/2019
    • Support on 06/14/2019
    • Support on 06/18/2019
    • Support on 06/19/2019
    • Resistance on 06/26/2019
    • Resistance on 07/04/2019
    • Resistance on 07/10/2019
    • Resistance on 08/08/2019
    • Resistance on 08/09/2019
    • Resistance on 08/12/2019
    • Resistance on 08/15/2019
    • Support on 11/29/2019
    • Resistance on 12/03/2019
    • Resistance on 12/04/2019
    • Resistance on 03/05/2020
    • Resistance on 03/09/2020
    • Support on 04/16/2020
    • Support on 04/22/2020
    • Support on 11/20/2020
    • Support on 11/23/2020
    • Support on 11/24/2020
    • Resistance on 11/30/2020
    • Resistance on 12/03/2020
    • Support on 12/09/2020
DateMay 29, 2021 - 18:16
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.05150, beginning of uptrend is expected.
  • We make sure when the resistance at 1.10450 breaks.
  • If the support at 1.05150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.0821 on 05/04/2021, so more losses to support(s) 1.0570 and minimum to Major Support (1.0515) 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 35.

Take Profits:

  1. 1.0660
  2. 1.0760
  3. 1.0815
  4. 1.0890
  5. 1.1045
  6. 1.1455
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.