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Weekly forecast Australian Dollar / New Zealand Dollar technical chart
Symbol AUDNZD

Download MT4 template file

Trade Setup
#AUDNZD
Total Profit: 3461 pip
Closed trade(s): 461 pip Profit
Open trade(s): 3000 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...

Closed Profit:
TP1 @ 1.0545 touched at 2019.04.05 with 102 pip Profit.
TP2 @ 1.0585 touched at 2019.04.09 with 142 pip Profit.
TP3 @ 1.0660 touched at 2019.04.17 with 217 pip Profit.
102 + 142 + 217 = 461 pip

Open Profit:
Profit for one trade is 1.0693(current price) - 1.0443(open price) = 250 pip
12 trade(s) still open, therefore total profit for open trade(s) is 250 x 12 = 3000 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 1.05450 is broken, we will close open trades.
DateApril 20, 2019 - 17:53
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.05450 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 1.05450 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • A trough is formed in daily chart at 1.0275 on 03/25/2019, so more gains to resistance(s) 1.0760, 1.0850, 1.0905 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 77.

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.
Symbol Released Current Forecast
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 14 Apr 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 7 Apr 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sat, 30 Mar 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 24 Mar 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDNZD.