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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup
#EURNZD
Total Profit: 1692 pip
Closed trade(s): 996 pip Profit
Open trade(s): 696 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 1.7511(current price) - 1.7338(open price) = 174 pip
4 trade(s) still open, therefore total profit for open trade(s) is 174 x 4 = 696 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 1.7445 is broken, we will close open trades.

DateSeptember 19, 2020 - 20:12
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.7445, resumption of uptrend is expected.
  • We make sure when the resistance at 1.8300 breaks.
  • If the support at 1.7445 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.7445 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.7830 on 09/10/2020, so more losses to support(s) 1.7495 and minimum to Major Support (1.7445) 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 40.

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) new Sat, 24 Oct 2020
Euro / New Zealand Dollar (EURNZD) Sat, 17 Oct 2020
Euro / New Zealand Dollar (EURNZD) free Sat, 10 Oct 2020
Euro / New Zealand Dollar (EURNZD) Sat, 3 Oct 2020
Euro / New Zealand Dollar (EURNZD) Sat, 26 Sep 2020