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

Download MT4 template file

Trade Setup
#AUDNZD
Total Profit: 2429 pip
Closed trade(s): 461 pip Profit
Open trade(s): 1968 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 1.0607(current price) - 1.0443(open price) = 164 pip
12 trade(s) still open, therefore total profit for open trade(s) is 164 x 12 = 1968 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 1.05350 is broken, we will close open trades.
DateMay 11, 2019 - 20:41
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.05350, resumption of uptrend is expected.
  • We make sure when the resistance at 1.07600 breaks.
  • If the support at 1.05350 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.05350 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • The RSI bounced from the support #1 at 50 and it prevented price from more losses.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.0720 on 05/08/2019, so more losses to support(s) 1.0585, 1.0545 and minimum to Major Support (1.0535) 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.
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.