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

#EURNZD
Total Profit: 9257 pip
Closed trade(s): 4201 pip Profit
Open trade(s): 5056 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.
TP5 @ 1.69683 touched at 2022-09-26 with 738 pip Profit.
TP6 @ 1.71500 touched at 2022-09-28 with 920 pip Profit.
TP7 @ 1.73400 touched at 2022-09-30 with 1110 pip Profit.
126 + 300 + 443 + 564 + 738 + 920 + 1110 = 4201 pip

Open Profit:
Profit for one BUY trade is 1.74944(current price) - 1.62301(open price) = 1264 pip
4 trade(s) still open, therefore total profit for open trade(s) is 1264 x 4 = 5056 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 1.67944 is broken, we will close open trades.
DateOctober 2, 2022 - 06:09
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.67944 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.67944 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.62310 on 09/05/2022, so more gains to resistance(s) 1.76450, 1.79300, 1.82200 and more heights 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 78.

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) 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.