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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: 1181 pip
Closed trade(s): 353 pip Profit
Open trade(s): 828 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 1.0956 based on 'Shooting Star' at 2018.08.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 1.0905 touched at 2018.08.29 with 51 pip Profit.
TP2 @ 1.0850 touched at 2018.10.16 with 106 pip Profit.
TP3 @ 1.0760 touched at 2018.10.22 with 196 pip Profit.
51 + 106 + 196 = 353 pip

Open Profit:
Profit for one trade is 1.0956(open price) - 1.0818(current price) = 138 pip
6 trade(s) still open, therefore total profit for open trade(s) is 138 x 6 = 828 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 11/03/2018 - 09:45
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 1.1140 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Take Profits:

  1. 1.0905
  2. 1.0850
  3. 1.0760
  4. 1.0660
  5. 1.0500
  6. 1.0360
  7. 1.0255
  8. 1.0010
Click on the level to view price action history.