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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trade Setup
#EURNZD
Total Profit: 2686 pip
Closed trade(s): 2686 pip Profit
Open trade(s): 0 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.
TP5 @ 1.7930 touched at 2020.03.09 with 841 pip Profit.
56 + 196 + 356 + 611 + 841 = 2060 pip

Closed Profit:
Profit for one trade is 1.7715(current price) - 1.7089(open price) = 626 pip
1 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 626 x 1 = 626 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.6965 to 1.6815). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.6965)
    • Resistance on 05/18/2012
    • Resistance on 06/11/2013
    • Resistance on 06/12/2013
    • Resistance on 06/24/2013
    • Resistance on 06/25/2013
    • Resistance on 06/26/2013
    • Resistance on 08/02/2013
    • Resistance on 08/06/2013
    • Support on 08/26/2013
    • Support on 08/29/2013
    • Support on 08/30/2013
    • Resistance on 12/27/2013
    • Resistance on 08/12/2015
    • Resistance on 08/13/2015
    • Resistance on 08/14/2015
    • Resistance on 08/20/2015
    • Support on 08/24/2015
    • Support on 10/07/2015
    • Resistance on 10/21/2015
    • Resistance on 01/14/2016
    • Resistance on 01/15/2016
    • Resistance on 01/21/2016
    • Resistance on 01/27/2016
    • Resistance on 01/28/2016
    • Resistance on 02/11/2016
    • Resistance on 02/15/2016
    • Resistance on 02/16/2016
    • Resistance on 02/17/2016
    • Resistance on 10/20/2017
    • Resistance on 10/23/2017
    • Resistance on 12/14/2017
    • Resistance on 12/21/2017
    • Resistance on 01/03/2018
    • Resistance on 01/04/2018
    • Resistance on 01/25/2018
    • Resistance on 01/26/2018
    • Resistance on 01/29/2018
    • Resistance on 01/30/2018
    • Resistance on 02/07/2018
    • Resistance on 02/08/2018
    • Resistance on 02/09/2018
    • Resistance on 02/12/2018
    • Resistance on 03/01/2018
    • Support on 03/06/2018
    • Support on 03/26/2018
    • Support on 03/30/2018
    • Support on 04/23/2018
    • Support on 05/07/2018
    • Support on 05/08/2018
    • Support on 05/21/2018
    • Support on 05/22/2018
    • Resistance on 06/25/2018
    • Support on 06/28/2018
    • Resistance on 11/07/2018
    • Resistance on 12/20/2018
    • Resistance on 12/21/2018
    • Resistance on 12/26/2018
    • Support on 01/03/2019
    • Support on 01/08/2019
    • Support on 01/09/2019
    • Resistance on 01/11/2019
    • Resistance on 04/24/2019
    • Resistance on 05/06/2019
    • Resistance on 05/07/2019
    • Support on 06/07/2019
    • Support on 06/10/2019
    • Resistance on 07/05/2019
    • Resistance on 07/09/2019
    • Resistance on 07/10/2019
    • Support on 12/03/2019
    • Support on 12/04/2019
    • Support on 12/05/2019
    • Resistance on 12/06/2019
    • Resistance on 12/10/2019
    • Resistance on 12/11/2019
    • Resistance on 12/17/2019
    • Resistance on 12/18/2019
    • Support on 02/05/2020
    • Support on 02/06/2020
  • Ending of entry zone (1.6815)
    • Support on 01/31/2018
    • Support on 02/01/2018
    • Support on 02/26/2018
    • Support on 03/01/2018
    • Support on 03/12/2018
    • Support on 03/13/2018
    • Support on 04/09/2018
    • Resistance on 04/12/2018
    • Resistance on 04/16/2018
    • Resistance on 06/07/2018
    • Resistance on 06/08/2018
    • Resistance on 06/13/2018
    • Resistance on 06/14/2018
    • Resistance on 06/19/2018
    • Support on 11/07/2018
    • Resistance on 12/19/2018
    • Support on 01/03/2019
    • Resistance on 01/16/2019
    • Support on 01/22/2019
    • Resistance on 02/07/2019
    • Resistance on 02/08/2019
    • Resistance on 02/12/2019
    • Resistance on 02/13/2019
    • Resistance on 04/17/2019
    • Resistance on 04/18/2019
    • Support on 05/03/2019
    • Support on 07/12/2019
    • Resistance on 07/29/2019
    • Support on 12/06/2019
    • Support on 12/13/2019
    • Support on 12/18/2019
    • Resistance on 01/06/2020
    • Resistance on 01/07/2020
    • Resistance on 01/08/2020
    • Resistance on 01/09/2020
    • Resistance on 01/10/2020
    • Resistance on 01/13/2020
    • Resistance on 01/20/2020
    • Resistance on 01/21/2020
    • Support on 01/29/2020
    • Support on 02/14/2020
    • Support on 02/18/2020

DateMay 2, 2020 - 19:16
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.7660, resumption of uptrend is expected.
  • We make sure when the resistance at 1.8765 breaks.
  • If the support at 1.7660 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.7660 on 04/30/2020, so more gains to resistance(s) 1.8125, 1.8510 and maximum to Major Resistance (1.8765) 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 52.

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) new Sat, 4 Jul 2020
Euro / New Zealand Dollar (EURNZD) Sat, 27 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 20 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 13 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 6 Jun 2020