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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trade Setup

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
    • Support on 12/13/2016
    • Trough 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
    • Peak on 03/26/2015
    • Resistance on 03/26/2015
    • Resistance on 03/18/2015
    • Resistance on 03/17/2015
    • Resistance on 03/12/2015

DateSeptember 17, 2017 - 13:09
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 1.6685 on 09/07/2017, so more losses to support(s) 1.6205, 1.6010, 1.5825 and minimum to Trend Hunter Buy Zone (1.4680 to 1.4485) 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 52.

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 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