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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: 1295 pip
Closed trade(s): 260 pip Profit
Open trade(s): 1035 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...

Closed Profit:
TP1 @ 1.6925 touched at 2018.04.03 with 75 pip Profit.
TP2 @ 1.6815 touched at 2018.04.04 with 185 pip Profit.
75 + 185 = 260 pip

Open Profit:
Profit for one trade is 1.7000(open price) - 1.6885(current price) = 115 pip
9 trade(s) still open, therefore total profit for open trade(s) is 115 x 9 = 1035 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.

DateApril 8, 2018 - 13:39
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) 1.6815, 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 44.

Take Profits:

  1. 1.6925
  2. 1.6815
  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, 24 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 17 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 10 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 3 Mar 2024
Euro / New Zealand Dollar (EURNZD) Thu, 29 Feb 2024