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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trade Setup
#EURNZD
Total Profit: 2525 pip
Closed trade(s): 1219 pip Profit
Open trade(s): 1306 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...

Closed Profit:
TP1 @ 1.7145 touched at 2020.02.24 with 56 pip Profit.
TP2 @ 1.7285 touched at 2020.02.26 with 196 pip Profit.
TP3 @ 1.7445 touched at 2020.02.27 with 356 pip Profit.
TP4 @ 1.7700 touched at 2020.02.28 with 611 pip Profit.
56 + 196 + 356 + 611 = 1219 pip

Open Profit:
Profit for one trade is 1.7742(current price) - 1.7089(open price) = 653 pip
2 trade(s) still open, therefore total profit for open trade(s) is 653 x 2 = 1306 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 1.76000 is broken, we will close open trades.

DateMarch 7, 2020 - 20:36
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.76000 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.76000 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.6785 on 02/13/2020, so more gains to resistance(s) 1.7930, 1.8440, 1.8765 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 71.

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) Sun, 24 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 17 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 10 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 3 Mar 2024
Euro / New Zealand Dollar (EURNZD) Thu, 29 Feb 2024