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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup
#EURNZD
Total Profit: -54 pip
Closed trade(s): 0 pip Profit
Open trade(s): -54 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.7089 (day close price) based on 'Valley' at 2020.02.07 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.7080(current price) - 1.7089(open price) = -9 pip
6 trade(s) still open, therefore total profit for open trade(s) is -9 x 6 = -54 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, 02/22/2020 - 19:47
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.6525, beginning of uptrend is expected.
  • We make sure when the resistance at 1.7285 breaks.
  • If the support at 1.6525 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.6785 on 02/13/2020, so more gains to resistance(s) 1.7145 and maximum to Major Resistance (1.7285) 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 61.

Take Profits:

  1. 1.7145
  2. 1.7285
  3. 1.7445
  4. 1.7700
  5. 1.7930
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) Sat, 23 May 2020
Euro / New Zealand Dollar (EURNZD) Sat, 16 May 2020
Euro / New Zealand Dollar (EURNZD) Sat, 9 May 2020
Euro / New Zealand Dollar (EURNZD) free Sat, 2 May 2020
Euro / New Zealand Dollar (EURNZD) free Sat, 25 Apr 2020