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

Download MT4 template file

Trade Setup

#AUDNZD
Total Profit: 3768 pip
Closed trade(s): 1932 pip Profit
Open trade(s): 1836 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.
TP5 @ 1.0765 touched at 2017.03.03 with 467 pip Profit.
TP6 @ 1.0905 touched at 2017.03.08 with 607 pip Profit.
107 + 192 + 247 + 312 + 467 + 607 = 1932 pip

Open Profit:
Profit for one trade is 1.0502(current price) - 1.0298(open price) = 204 pip
9 trade(s) still open, therefore total profit for open trade(s) is 204 x 9 = 1836 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0405 to 1.0255). 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 (1.0405)
    • Support on 06/14/2017
    • Support on 06/06/2017
    • Support on 06/05/2017
    • Support on 06/02/2017
    • Support on 02/07/2017
    • Support on 02/02/2017
    • Support on 01/06/2017
    • Support on 01/05/2017
    • Resistance on 12/30/2016
    • Support on 12/27/2016
    • Support on 12/26/2016
    • Support on 12/23/2016
    • Support on 12/12/2016
    • Support on 12/07/2016
    • Support on 12/06/2016
    • Support on 12/05/2016
    • Support on 12/02/2016
    • Support on 12/01/2016
    • Support on 11/30/2016
    • Support on 11/22/2016
    • Support on 11/21/2016
    • Support on 11/09/2016
    • Resistance on 09/06/2016
    • Resistance on 09/05/2016
    • Resistance on 09/01/2016
    • Resistance on 08/31/2016
    • Support on 08/29/2016
    • Support on 08/26/2016
    • Support on 08/25/2016
    • Support on 08/24/2016
    • Support on 08/23/2016
    • Support on 07/13/2016
    • Support on 07/12/2016
    • Support on 07/06/2016
    • Support on 07/05/2016
    • Support on 07/01/2016
    • Trough on 06/17/2016
    • Trough on 06/16/2016
    • Support on 06/16/2016
    • Support on 06/10/2016
    • Support on 06/09/2016
  • Ending of entry zone (1.0255)
    • Support on 09/20/2016
    • Support on 09/16/2016
    • Support on 09/13/2016
    • Support on 09/12/2016
    • Support on 09/08/2016
    • Support on 09/07/2016
    • Support on 04/28/2015
    • Resistance on 04/23/2015
    • Resistance on 04/01/2015
    • Resistance on 03/30/2015
    • Support on 03/25/2015
    • Support on 03/24/2015
    • Support on 03/23/2015

DateJune 18, 2017 - 09:14
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 trough is formed in daily chart at 1.0385 on 06/02/2017, so more gains to resistance(s) 1.0545, 1.0610, 1.0765 and more heights 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 45.

Take Profits:

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