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

#EURNZD
Total Profit: 5018 pip
Closed trade(s): 1712 pip Profit
Open trade(s): 3306 pip Profit

Trade Setup:
We opened 11 BUY trades @ 1.7618 based on 'Two-day reversal Hammer candle' entry method at 2024-10-01, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.76500 touched at 2024-10-03 with 32 pip Profit.
TP2 @ 1.78228 touched at 2024-10-04 with 205 pip Profit.
TP3 @ 1.80136 touched at 2024-10-09 with 396 pip Profit.
TP4 @ 1.80686 touched at 2024-10-09 with 451 pip Profit.
TP5 @ 1.82456 touched at 2024-10-31 with 628 pip Profit.
32 + 205 + 396 + 451 + 628 = 1712 pip

Open Profit:
Profit for one BUY trade is 1.81686(current price) - 1.7618(open price) = 551 pip
6 trade(s) still open, therefore total profit for open trade(s) is 551 x 6 = 3306 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 1.78228 is broken, we will close open trades.
DateNovember 2, 2024 - 11:57
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.78228 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 1.78228 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.74880 on 09/30/2024, so more gains to resistance(s) 1.82456, 1.84610, 1.86480 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 65.

Take Profits:

  1. 1.76500
  2. 1.78228
  3. 1.80136
  4. 1.80686
  5. 1.82456
  6. 1.84610
  7. 1.86480
  8. 1.87650
  9. 1.90550
  10. 1.95650
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) Mon, 25 Nov 2024
Euro / New Zealand Dollar (EURNZD) Sun, 17 Nov 2024
Euro / New Zealand Dollar (EURNZD) Sun, 10 Nov 2024
Euro / New Zealand Dollar (EURNZD) free Sat, 2 Nov 2024
Euro / New Zealand Dollar (EURNZD) free Sun, 27 Oct 2024
History
Daily-Trading-Opportunities on EURNZD.