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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: 31703 pip
Closed trade(s): 24255 pip Profit
Open trade(s): 7448 pip Profit
_______________________________________________
Trade Setup:
We opened 20 BUY trade(s) @ 1.3985 (day close price) based on 'Hammer' at 2015.04.21 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURNZD...

Closed Profit:
TP1 @ 1.4240 touched at 2015.04.23 with 255 pip Profit.
TP2 @ 1.4485 touched at 2015.04.30 with 500 pip Profit.
TP3 @ 1.4775 touched at 2015.05.01 with 790 pip Profit.
TP4 @ 1.5040 touched at 2015.05.06 with 1055 pip Profit.
TP5 @ 1.5465 touched at 2015.05.29 with 1480 pip Profit.
TP6 @ 1.5690 touched at 2015.06.03 with 1705 pip Profit.
TP7 @ 1.6010 touched at 2015.06.11 with 2025 pip Profit.
TP8 @ 1.6430 touched at 2015.06.18 with 2445 pip Profit.
TP9 @ 1.6925 touched at 2015.08.11 with 2940 pip Profit.
TP10 @ 1.7150 touched at 2015.08.24 with 3165 pip Profit.
TP11 @ 1.7745 touched at 2015.08.24 with 3760 pip Profit.
TP12 @ 1.8120 touched at 2015.08.24 with 4135 pip Profit.
255 + 500 + 790 + 1055 + 1480 + 1705 + 2025 + 2445 + 2940 + 3165 + 3760 + 4135 = 24255 pip

Open Profit:
Profit for one trade is 1.4916(current price) - 1.3985(open price) = 931 pip
8 trade(s) still open, therefore total profit for open trade(s) is 931 x 8 = 7448 pip
_______________________________________________

#EURNZD
Total Profit: -1091 pip
Closed trade(s): 229 pip Profit
Open trade(s): -1320 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.5026 based on 'Valley' entry method at 2016.12.16.

Closed Profit:
TP1 @ 1.5255 touched at 2016.12.30 with 229 pip Profit.

Open Profit:
Profit for one trade is 1.4916(current price) - 1.5026(open price) = -110 pip
12 trade(s) still open, therefore total profit for open trade(s) is -110 x 12 = -1320 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.5110 to 1.4680).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.5110)
    • Resistance on 01/11/2017
    • Resistance on 01/10/2017
    • Resistance on 01/09/2017
    • Resistance on 01/05/2017
    • Resistance on 01/03/2017
    • Support on 12/26/2016
    • Support on 12/23/2016
    • Resistance on 12/22/2016
    • Resistance on 12/21/2016
    • Resistance on 12/08/2016
    • Resistance on 12/06/2016
    • Resistance on 12/05/2016
    • Resistance on 11/28/2016
    • Resistance on 11/24/2016
    • Resistance on 11/15/2016
    • Resistance on 11/10/2016
    • Resistance on 11/09/2016
    • Support on 11/04/2016
    • Support on 11/03/2016
    • Support on 10/20/2016
    • Support on 10/19/2016
    • Support on 07/13/2016
    • Support on 07/12/2016
    • Support on 07/11/2016
    • Support on 07/08/2016
    • Trough on 07/08/2016
    • Support on 05/21/2015
    • Support on 05/20/2015
    • Support on 05/19/2015
    • Support on 02/20/2015
    • Support on 02/17/2015
    • Support on 02/16/2015
    • Support on 01/28/2015
    • Support on 01/27/2015
    • Support on 01/22/2015
    • Support on 01/21/2015
    • Resistance on 01/20/2015
    • Support on 04/11/2013
    • Support on 08/13/2012
    • Support on 08/09/2012
    • Support on 08/08/2012
  • Ending of entry zone (1.4680)
    • Trough on 12/13/2016
    • Support on 12/13/2016

DateJanuary 21, 2017 - 17:59
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 1.5270 on 12/30/2016, so more losses minimum to Trend Hunter Buy Zone (1.5110 to 1.4680) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Take Profits:

  1. 1.5255
  2. 1.5465
  3. 1.5690
  4. 1.5825
  5. 1.6010
  6. 1.6205
  7. 1.6430
  8. 1.6700
  9. 1.6925
  10. 1.7265
  11. 1.8000
  12. 1.9565
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