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

#EURNZD
Total Profit: 10484 pip
Closed trade(s): 7316 pip Profit
Open trade(s): 3168 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.
TP8 @ 1.76450 touched at 2023-04-12 with 1415 pip Profit.
TP9 @ 1.79300 touched at 2023-04-24 with 1700 pip Profit.
126 + 300 + 443 + 564 + 738 + 920 + 1110 + 1415 + 1700 = 7316 pip

Open Profit:
Profit for one BUY trade is 1.78137(current price) - 1.62301(open price) = 1584 pip
2 trade(s) still open, therefore total profit for open trade(s) is 1584 x 2 = 3168 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 1.75437 is broken, we will close open trades.

DateApril 30, 2023 - 09:22
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.75437, resumption of uptrend is expected.
  • We make sure when the resistance at 1.80842 breaks.
  • If the support at 1.75437 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.75437 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.80805 on 04/26/2023, so more losses to support(s) 1.76450 and minimum to Major Support (1.75437) 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 59.

Take Profits:

  1. 1.63560
  2. 1.65304
  3. 1.66730
  4. 1.67957
  5. 1.69931
  6. 1.71506
  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, 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