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

Download MT4 template file

Trade Setup

#AUDNZD
Total Profit: 4554 pip
Closed trade(s): 858 pip Profit
Open trade(s): 3696 pip Profit
_______________________________________________
Trade Setup:
We opened 15 BUY trade(s) @ 1.0298 (day close price) based on 'Valley' at 2016.09.16 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDNZD...

Closed Profit:
TP1 @ 1.0405 touched at 2016.09.22 with 107 pip Profit.
TP2 @ 1.0490 touched at 2016.09.23 with 192 pip Profit.
TP3 @ 1.0545 touched at 2016.09.28 with 247 pip Profit.
TP4 @ 1.0610 touched at 2016.10.05 with 312 pip Profit.
107 + 192 + 247 + 312 = 858 pip

Open Profit:
Profit for one trade is 1.0634(current price) - 1.0298(open price) = 336 pip
11 trade(s) still open, therefore total profit for open trade(s) is 336 x 11 = 3696 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0305 to 1.0205). 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 (1.0305)
    • Support on 01/31/2017
    • Support on 09/21/2016
    • Support on 09/20/2016
    • Resistance on 09/16/2016
    • Resistance on 09/14/2016
    • Support on 07/08/2016
    • Resistance on 04/27/2015
    • Resistance on 04/24/2015
    • Resistance on 03/27/2015
    • Resistance on 03/26/2015
    • Resistance on 03/25/2015
    • Resistance on 03/24/2015
    • Resistance on 03/20/2015
    • Support on 03/19/2015
    • Support on 03/17/2015
    • Support on 03/03/2015
    • Support on 03/02/2015
    • Support on 02/27/2015
    • Support on 02/19/2015
  • Ending of entry zone (1.0205)
    • Resistance on 04/16/2015
    • Resistance on 04/14/2015
    • Resistance on 04/13/2015
    • Peak on 04/09/2015
    • Resistance on 04/09/2015
    • Peak on 04/08/2015
    • Resistance on 04/08/2015
    • Peak on 04/07/2015
    • Resistance on 04/07/2015
    • Resistance on 04/02/2015
    • Resistance on 04/01/2015
    • Resistance on 03/31/2015
    • Support on 03/23/2015

DateFebruary 25, 2017 - 17:09
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 beginning of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 1.0735 on 02/22/2017, so more losses to support(s) 1.0610, 1.0545, 1.0490 and minimum to Trend Hunter Buy Zone (1.0305 to 1.0205) 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 58.

Take Profits:

  1. 1.0405
  2. 1.0490
  3. 1.0545
  4. 1.0610
  5. 1.0765
  6. 1.0905
  7. 1.1040
  8. 1.1200
  9. 1.1280
  10. 1.1375
  11. 1.1645
  12. 1.1820
  13. 1.2130
  14. 1.2340
Click on the level to view price action history.