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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.7065 to 1.7265). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.7065)
    • Resistance on 12/20/2017
    • Resistance on 12/12/2017
    • Resistance on 10/31/2017
    • Resistance on 10/27/2017
    • Resistance on 10/24/2017
    • Resistance on 02/16/2016
    • Resistance on 02/12/2016
    • Resistance on 02/11/2016
    • Resistance on 02/10/2016
    • Resistance on 02/09/2016
    • Resistance on 01/20/2016
    • Resistance on 01/19/2016
    • Resistance on 01/15/2016
    • Resistance on 08/21/2015
    • Resistance on 08/14/2015
    • Resistance on 08/12/2015
    • Peak on 09/02/2013
    • Resistance on 09/02/2013
    • Resistance on 08/22/2013
    • Resistance on 06/24/2013
    • Resistance on 06/21/2013
    • Resistance on 06/20/2013
    • Resistance on 06/11/2013
  • Ending of entry zone (1.7265)
    • Resistance on 12/08/2017
    • Resistance on 12/07/2017
    • Resistance on 11/21/2017
    • Resistance on 01/20/2016
    • Resistance on 10/07/2015
    • Support on 10/01/2015
    • Support on 08/31/2015
    • Support on 08/28/2015
    • Support on 08/27/2015
    • Peak on 09/05/2013
    • Peak on 09/02/2013
    • Peak on 08/29/2013
    • Peak on 08/28/2013
    • Peak on 09/27/2011
    • Peak on 07/08/2011

DateJanuary 6, 2018 - 22:40
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 1.7025 on 01/03/2018, so more losses to support(s) 1.6760, 1.6625, 1.6360 and more depths 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 40.

Take Profits:

  1. 1.6925
  2. 1.6760
  3. 1.6625
  4. 1.6360
  5. 1.6205
  6. 1.6020
  7. 1.5690
  8. 1.5465
  9. 1.5255
  10. 1.4535
  11. 1.3875
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