Languages

website utilities

 

Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar vs. New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trade Setup

#AUDNZD
Total Profit: 2116 pip
Closed trade(s): 370 pip Profit
Open trade(s): 1746 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.
TP2 @ 1.0760 touched at 2018.05.10 with 135 pip Profit.
TP3 @ 1.0825 touched at 2018.05.11 with 200 pip Profit.
35 + 135 + 200 = 370 pip

Open Profit:
Profit for one trade is 1.0819(current price) - 1.0625(open price) = 194 pip
9 trade(s) still open, therefore total profit for open trade(s) is 194 x 9 = 1746 pip

DateSat, 05/12/2018 - 18:23
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0660 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.0660 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.0485 on 04/12/2018, so more gains to resistance(s) 1.0825, 1.0925, 1.1050 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 70.

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, the description can also be found below the image.
  • If the Midterm level 1.0660 is broken, we will close these trades.
  • Price may also reach 1.0660, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

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.