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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: -44 pip
Closed trade(s): 0 pip Profit
Open trade(s): -44 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 1.7000 (day close price) based on 'Shooting Star' at 2018.03.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.7000(open price) - 1.7004(current price) = -4 pip
11 trade(s) still open, therefore total profit for open trade(s) is -4 x 11 = -44 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateMarch 31, 2018 - 19:05
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.74800, beginning of downtrend is expected.
  • We make sure when the support at 1.68150 breaks.
  • If the resistance at 1.74800 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.7165 on 03/21/2018, so more losses to support(s) 1.6925, 1.6815, 1.6625 and more depths 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 52.

Take Profits:

  1. 1.6925 ✔(2018-04-03)
  2. 1.6815 ✔(2018-04-04)
  3. 1.6625
  4. 1.6360
  5. 1.6205
  6. 1.6020
  7. 1.5690
  8. 1.5255
  9. 1.4535
  10. 1.3875
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) 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
History
Daily-Trading-Opportunities on EURNZD.