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Trend Hunter performance since 2015 for this symbol

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

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Trade Setup
#AUDNZD
Total Profit: 2967 pip
Closed trade(s): 2967 pip Profit
Open trade(s): 0 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 2018.08.31 with 106 pip Profit.
TP3 @ 1.0760 touched at 2018.10.22 with 196 pip Profit.
TP4 @ 1.0660 touched at 2018.11.14 with 296 pip Profit.
TP5 @ 1.0585 touched at 2018.12.04 with 371 pip Profit.
TP6 @ 1.0500 touched at 2018.12.06 with 456 pip Profit.
TP7 @ 1.0255 touched at 2019.01.03 with 701 pip Profit.
51 + 106 + 196 + 296 + 371 + 456 + 701 = 2177 pip

Closed Profit:
Profit for one trade is 1.0956(open price) - 1.0561(current price) = 395 pip
2 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 395 x 2 = 790 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0435 to 1.0360). 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 (1.0435)
    • Trough on 12/10/2018
    • Support on 12/10/2018
    • Support on 12/19/2018
    • Support on 01/03/2019
  • Ending of entry zone (1.0360)
    • Support on 11/09/2016
    • Support on 12/28/2016
    • Support on 12/30/2016
    • Support on 01/02/2017
    • Support on 01/03/2017
    • Support on 01/25/2017
    • Support on 01/26/2017
    • Support on 01/27/2017
    • Support on 01/30/2017
    • Support on 01/31/2017
    • Support on 02/01/2017
    • Support on 01/03/2019

DateSun, 01/06/2019 - 00:18
Currentdowntrend
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • The current trend is downtrend but the forecast is beginning of uptrend.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • The RSI bounced from the uptrend #2 and it prevented price from more losses.
  • A trough is formed in daily chart at 1.0182 on 01/03/2019, so more gains to resistance(s) 1.0585, 1.0660, 1.0760 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 53.

Take Profits:

  1. 1.0500
  2. 1.0585
  3. 1.0660
  4. 1.0760
  5. 1.0850
  6. 1.0905
  7. 1.0990
  8. 1.1050
  9. 1.1140
  10. 1.1280
  11. 1.1375
  12. 1.1645
  13. 1.1920
  14. 1.2340
Click on the level to view price action history.