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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 (1.7080 to 1.7255). 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 (1.7080)
    • Resistance on 05/03/2018
    • Resistance on 04/23/2018
    • Resistance on 04/20/2018
    • Resistance on 04/03/2018
    • Resistance on 03/29/2018
    • Resistance on 03/28/2018
    • Resistance on 03/27/2018
    • Resistance on 03/26/2018
    • Resistance on 03/23/2018
    • Resistance on 03/22/2018
    • Resistance on 03/21/2018
    • Resistance on 03/20/2018
    • Resistance on 03/19/2018
    • Resistance on 03/08/2018
    • Resistance on 03/07/2018
    • Resistance on 03/06/2018
    • Resistance on 03/05/2018
    • Resistance on 02/08/2018
    • Resistance on 02/05/2018
    • Resistance on 02/02/2018
    • Trough on 11/28/2017
    • Support on 11/28/2017
    • Resistance on 10/24/2017
    • Resistance on 02/11/2016
    • Resistance on 02/10/2016
    • Resistance on 02/09/2016
    • Resistance on 01/20/2016
    • Resistance on 01/15/2016
    • Resistance on 08/21/2015
    • Resistance on 08/14/2015
    • Resistance on 08/12/2015
    • Resistance on 09/02/2013
    • Resistance on 08/22/2013
    • Resistance on 06/21/2013
    • Resistance on 06/20/2013
    • Resistance on 06/11/2013
  • Ending of entry zone (1.7255)
    • Peak on 04/26/2018
    • Resistance on 04/26/2018
    • Resistance on 04/25/2018
    • 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 08/31/2015
    • Support on 08/28/2015
    • Resistance on 08/28/2013
    • Peak on 12/05/2011

DateMay 6, 2018 - 11:31
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 1.66700 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 1.7255 on 04/26/2018, so more losses to support(s) 1.6925, 1.6815, 1.6670 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
  2. 1.6815
  3. 1.6670
  4. 1.6355
  5. 1.6205
  6. 1.6010
  7. 1.5655
  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