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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: 1790 pip
Closed trade(s): 524 pip Profit
Open trade(s): 1266 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.6663 based on 'Buy on Downtrend Breakup' entry method at 2021.03.22.

Closed Profit:
TP1 @ 1.6815 touched at 2021.03.23 with 152 pip Profit.
TP2 @ 1.7035 touched at 2021.05.19 with 372 pip Profit.
152 + 372 = 524 pip

Open Profit:
Profit for one trade is 1.6873(current price) - 1.6663(open price) = 211 pip
6 trade(s) still open, therefore total profit for open trade(s) is 211 x 6 = 1266 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.
DateJune 26, 2021 - 19:56
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.62950 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.7120 on 06/18/2021, so more losses to support(s) 1.6815, 1.6650, 1.6525 and minimum to Major Support (1.6295) 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 47.

Take Profits:

  1. 1.6815
  2. 1.7035
  3. 1.7195
  4. 1.7340
  5. 1.7645
  6. 1.7930
  7. 1.8220
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.