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Weekly forecast Euro vs. New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trade Setup

#EURNZD
Total Profit: -230 pip
Closed trade(s): 0 pip Profit
Open trade(s): -230 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 1.6849 (day close price) based on 'Peak' at 2018.02.06 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.6849(open price) - 1.6872(current price) = -23 pip
10 trade(s) still open, therefore total profit for open trade(s) is -23 x 10 = -230 pip
_______________________________________________

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 02/08/2018
    • Resistance on 02/06/2018
    • Resistance on 02/05/2018
    • Resistance on 02/02/2018
    • 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

DateSun, 02/11/2018 - 17:18
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

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 1.7100 on 02/05/2018, 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 49.

Take Profits:

  1. 1.6760
  2. 1.6625
  3. 1.6360
  4. 1.6205
  5. 1.6020
  6. 1.5690
  7. 1.5255
  8. 1.4535
  9. 1.3875
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. New Zealand Dollar (EURNZD) Sat, 12 Jan 2019
Euro vs. New Zealand Dollar (EURNZD) free Sun, 6 Jan 2019
Euro vs. New Zealand Dollar (EURNZD) Sat, 29 Dec 2018
Euro vs. New Zealand Dollar (EURNZD) free Sun, 23 Dec 2018
Euro vs. New Zealand Dollar (EURNZD) free Sat, 15 Dec 2018