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Weekly forecast Australian Dollar vs. New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trade Setup

#AUDNZD
Total Profit: 2126 pip
Closed trade(s): 670 pip Profit
Open trade(s): 1456 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.
TP4 @ 1.0925 touched at 2018.05.17 with 300 pip Profit.
35 + 135 + 200 + 300 = 670 pip

Open Profit:
Profit for one trade is 1.0807(current price) - 1.0625(open price) = 182 pip
8 trade(s) still open, therefore total profit for open trade(s) is 182 x 8 = 1456 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.
  • If the Midterm level 1.0775 is broken, we will close open trades.
  • Price may also reach 1.0775, 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.

DateSat, 06/09/2018 - 12:41
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1.0775 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.0775 is broken.

Technical analysis:

  • While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.0900 on 06/07/2018, so more losses minimum to Major Support (1.0775) 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 48.

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.