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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: 2678 pip
Closed trade(s): 524 pip Profit
Open trade(s): 2154 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 1.7022(current price) - 1.6663(open price) = 359 pip
6 trade(s) still open, therefore total profit for open trade(s) is 359 x 6 = 2154 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.

DateJuly 31, 2021 - 16:46
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.62950, resumption of uptrend is expected.
  • We make sure when the resistance at 1.71950 breaks.
  • If the support at 1.62950 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.7095 on 07/20/2021, so more losses to support(s) 1.6990, 1.6815, 1.6650 and minimum to Major Support (1.6295) 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 55.

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) new 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
Euro / New Zealand Dollar (EURNZD) Sun, 25 Feb 2024