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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: 1613 pip
Closed trade(s): 461 pip Profit
Open trade(s): 1152 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 1.0539(current price) - 1.0443(open price) = 96 pip
12 trade(s) still open, therefore total profit for open trade(s) is 96 x 12 = 1152 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 1.0500 is broken, we will close open trades.

DateSat, 05/18/2019 - 22:06
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.0500, resumption of uptrend is expected.
  • We make sure when the resistance at 1.0760 breaks.
  • If the support at 1.0500 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.0500 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI uptrend #1 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 minimum to Major Support (1.0500) 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 44.

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.