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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: 10379 pip
Closed trade(s): 4366 pip Profit
Open trade(s): 6013 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.5014 based on 'Valley' entry method at 2016.12.16.

Closed Profit:
TP1 @ 1.5255 touched at 2016.12.30 with 241 pip Profit.
TP2 @ 1.5465 touched at 2017.03.28 with 451 pip Profit.
TP3 @ 1.5690 touched at 2017.04.25 with 676 pip Profit.
TP4 @ 1.5825 touched at 2017.04.26 with 811 pip Profit.
TP5 @ 1.6010 touched at 2017.05.04 with 996 pip Profit.
TP6 @ 1.6205 touched at 2017.05.19 with 1191 pip Profit.
241 + 451 + 676 + 811 + 996 + 1191 = 4366 pip

Open Profit:
Profit for one trade is 1.5872(current price) - 1.5014(open price) = 859 pip
7 trade(s) still open, therefore total profit for open trade(s) is 859 x 7 = 6013 pip
_______________________________________________

#EURNZD
Total Profit: 39279 pip
Closed trade(s): 24207 pip Profit
Open trade(s): 15072 pip Profit
_______________________________________________
Trade Setup:
We opened 20 BUY trade(s) @ 1.3989 (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 251 pip Profit.
TP2 @ 1.4485 touched at 2015.04.29 with 496 pip Profit.
TP3 @ 1.4775 touched at 2015.05.01 with 786 pip Profit.
TP4 @ 1.5040 touched at 2015.05.06 with 1051 pip Profit.
TP5 @ 1.5465 touched at 2015.05.29 with 1476 pip Profit.
TP6 @ 1.5690 touched at 2015.06.03 with 1701 pip Profit.
TP7 @ 1.6010 touched at 2015.06.11 with 2021 pip Profit.
TP8 @ 1.6430 touched at 2015.06.18 with 2441 pip Profit.
TP9 @ 1.6925 touched at 2015.08.11 with 2936 pip Profit.
TP10 @ 1.7150 touched at 2015.08.24 with 3161 pip Profit.
TP11 @ 1.7745 touched at 2015.08.24 with 3756 pip Profit.
TP12 @ 1.8120 touched at 2015.08.24 with 4131 pip Profit.
251 + 496 + 786 + 1051 + 1476 + 1701 + 2021 + 2441 + 2936 + 3161 + 3756 + 4131 = 24207 pip

Open Profit:
Profit for one trade is 1.5872(current price) - 1.3989(open price) = 1884 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1884 x 8 = 15072 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.4680 to 1.4485). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.4680)
    • Support on 03/01/2017
    • Support on 02/28/2017
    • Resistance on 02/24/2017
    • Resistance on 02/23/2017
    • Support on 02/22/2017
    • Support on 02/21/2017
    • Resistance on 02/07/2017
    • Support on 01/27/2017
    • Support on 01/26/2017
    • Support on 01/25/2017
    • Trough on 12/13/2016
    • Support on 12/13/2016
  • Ending of entry zone (1.4485)
    • Resistance on 04/29/2015
    • Resistance on 04/07/2015
    • Resistance on 04/06/2015
    • Resistance on 04/03/2015
    • Resistance on 04/02/2015
    • Resistance on 04/01/2015
    • Peak on 03/30/2015
    • Peak on 03/27/2015
    • Resistance on 03/26/2015
    • Peak on 03/26/2015
    • Resistance on 03/18/2015
    • Resistance on 03/17/2015
    • Resistance on 03/12/2015

DateAugust 5, 2017 - 18:25
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

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 1.6025 on 08/03/2017, so more losses to support(s) 1.5825, 1.5690, 1.5465 and minimum to Trend Hunter Buy Zone (1.4680 to 1.4485) 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. 1.5255
  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) new Sat, 4 Jul 2020
Euro / New Zealand Dollar (EURNZD) Sat, 27 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 20 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 13 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 6 Jun 2020