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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: -1395 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1395 pip Profit

Trade Setup:
We opened 15 BUY trade(s) @ 1.0443 (day close price) based on 'Valley' at 2019.02.20 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 1.0350(current price) - 1.0443(open price) = -93 pip
15 trade(s) still open, therefore total profit for open trade(s) is -93 x 15 = -1395 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.

DateSat, 03/09/2019 - 21:54
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0235 would begin in Midterm.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • While the RSI support #2 at 33 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.0460 on 02/28/2019, so more losses minimum to Major Support (1.0235) 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 36.

Take Profits:

  1. 1.0545
  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.