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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: -300 pip
Closed trade(s): 0 pip Profit
Open trade(s): -300 pip Profit

Trade Setup:
We opened 15 BUY trade(s) @ 1.0443 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 1.0423(current price) - 1.0443(open price) = -20 pip
15 trade(s) still open, therefore total profit for open trade(s) is -20 x 15 = -300 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, 03/30/2019 - 13:32
Currentdowntrend
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • Although current trend is downtrend, but we forecast a uptrend wave would begin in Midterm.

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.
  • While the RSI resistance #2 at 60 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.0275 on 03/25/2019, so more gains to resistance(s) 1.0430, 1.0435, 1.0545 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 56.

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.