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

Download MT4 template file

Trade Setup

#AUDNZD
Total Profit: 1223 pip
Closed trade(s): 35 pip Profit
Open trade(s): 1188 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 1.0625 (day close price) based on 'Valley' at 2018.04.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 1.0660 touched at 2018.04.19 with 35 pip Profit.

Open Profit:
Profit for one trade is 1.0733(current price) - 1.0625(open price) = 108 pip
11 trade(s) still open, therefore total profit for open trade(s) is 108 x 11 = 1188 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.

DateMay 5, 2018 - 16:21
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 an uptrend wave above 1.03600 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 1.0485 on 04/12/2018, so more gains to resistance(s) 1.0760, 1.0825, 1.0925 and more heights 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 65.

Take Profits:

  1. 1.0660
  2. 1.0760
  3. 1.0825
  4. 1.0925
  5. 1.1050
  6. 1.1135
  7. 1.1280
  8. 1.1375
  9. 1.1645
  10. 1.1920
  11. 1.2340
Click on the level to view price action history.