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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD
Trade Setup

#EURNZD
Total Profit: 3728 pip
Closed trade(s): 1436 pip Profit
Open trade(s): 2292 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.6079 (day close price) based on 'Valley' at 2022.04.21 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6349 touched at 2022.04.25 with 270 pip Profit.
TP2 @ 1.6530 touched at 2022.05.09 with 451 pip Profit.
TP3 @ 1.6794 touched at 2022.05.10 with 715 pip Profit.
270 + 451 + 715 = 1436 pip

Open Profit:
Profit for one trade is 1.6461(current price) - 1.6079(open price) = 382 pip
6 trade(s) still open, therefore total profit for open trade(s) is 382 x 6 = 2292 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 1.61000 is broken, we will close open trades.

DateMay 22, 2022 - 23:15
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.61000, resumption of uptrend is expected.
  • We make sure when the resistance at 1.73400 breaks.
  • If the support at 1.61000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.61000 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.68395 on 05/12/2022, so more losses to support(s) 1.63489 and minimum to Major Support (1.61000) 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 54.

Take Profits:

  1. 1.63489
  2. 1.65304
  3. 1.67944
  4. 1.71500
  5. 1.73400
  6. 1.76450
  7. 1.79300
  8. 1.82200
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) Sun, 24 Mar 2024
Euro / New Zealand Dollar (EURNZD) 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