website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trade Setup
#EURNZD
Total Profit: 4020 pip
Closed trade(s): 996 pip Profit
Open trade(s): 3024 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.7338 (day close price) based on 'Valley' at 2020.07.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.7495 touched at 2020.07.23 with 157 pip Profit.
TP2 @ 1.7645 touched at 2020.07.28 with 307 pip Profit.
TP3 @ 1.7870 touched at 2020.08.06 with 532 pip Profit.
157 + 307 + 532 = 996 pip

Open Profit:
Profit for one trade is 1.8094(current price) - 1.7338(open price) = 756 pip
4 trade(s) still open, therefore total profit for open trade(s) is 756 x 4 = 3024 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 1.74950 is broken, we will close open trades.
DateAugust 15, 2020 - 18:06
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.74950 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.74950 is broken.

Technical analysis:

  • The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 1.7155 on 07/10/2020, so more gains to resistance(s) 1.8300, 1.8765, 1.9055 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 75.

Take Profits:

  1. 1.7495
  2. 1.7645
  3. 1.7870
  4. 1.8300
  5. 1.8765
  6. 1.9055
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) Sun, 14 Apr 2024
Euro / New Zealand Dollar (EURNZD) Sun, 7 Apr 2024
Euro / New Zealand Dollar (EURNZD) Sun, 31 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 24 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURNZD.