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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: -680 pip
Closed trade(s): 0 pip Profit
Open trade(s): -680 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.0486 (day close price) based on 'Two-day reversal candle(Hammer)' at 2019.07.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 1.0418(current price) - 1.0486(open price) = -68 pip
10 trade(s) still open, therefore total profit for open trade(s) is -68 x 10 = -680 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, 07/20/2019 - 15:37
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.0275, resumption of uptrend is expected.
  • We make sure when the resistance at 1.0630 breaks.
  • If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid.

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 trough is formed in daily chart at 1.0444 on 07/11/2019, so more gains to resistance(s) 1.0430, 1.0445, 1.0500 and maximum to Major Resistance (1.0630) 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 38.

Take Profits:

  1. 1.0500
  2. 1.0545
  3. 1.0585
  4. 1.0660
  5. 1.0760
  6. 1.0850
  7. 1.0990
  8. 1.1140
  9. 1.1335
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar vs. New Zealand Dollar (AUDNZD) free Sat, 17 Aug 2019
Australian Dollar vs. New Zealand Dollar (AUDNZD) free Sat, 10 Aug 2019
Australian Dollar vs. New Zealand Dollar (AUDNZD) Sat, 3 Aug 2019
Australian Dollar vs. New Zealand Dollar (AUDNZD) Sat, 27 Jul 2019
Australian Dollar vs. New Zealand Dollar (AUDNZD) Sat, 20 Jul 2019
History
Daily-Trading-Opportunities on AUDNZD.