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

#EURNZD
Total Profit: 5612 pip
Closed trade(s): 1433 pip Profit
Open trade(s): 4179 pip Profit

Trade Setup:
We opened 11 BUY trades @ 1.62301 based on 'Valley' entry method at 2022-08-26, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.63560 touched at 2022-08-31 with 126 pip Profit.
TP2 @ 1.65304 touched at 2022-09-08 with 300 pip Profit.
TP3 @ 1.66730 touched at 2022-09-14 with 443 pip Profit.
TP4 @ 1.67944 touched at 2022-09-19 with 564 pip Profit.
126 + 300 + 443 + 564 = 1433 pip

Open Profit:
Profit for one BUY trade is 1.68273(current price) - 1.62301(open price) = 597 pip
7 trade(s) still open, therefore total profit for open trade(s) is 597 x 7 = 4179 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.

DateSeptember 22, 2022 - 16:58
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.58554, resumption of uptrend is expected.
  • We make sure when the resistance at 1.69648 breaks.
  • If the support at 1.58554 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.62310 on 09/05/2022, so more gains maximum to Major Resistance (1.69648) 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 65.

Take Profits:

  1. 1.63560
  2. 1.65304
  3. 1.66730
  4. 1.67944
  5. 1.69648
  6. 1.71500
  7. 1.73400
  8. 1.76450
  9. 1.79300
  10. 1.82200
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) new Sun, 2 Oct 2022
Euro / New Zealand Dollar (EURNZD) free Wed, 28 Sep 2022
Euro / New Zealand Dollar (EURNZD) free Sat, 24 Sep 2022
Euro / New Zealand Dollar (EURNZD) Thu, 22 Sep 2022
Euro / New Zealand Dollar (EURNZD) free Sun, 18 Sep 2022