Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Download MT4 template file

Trade Setup

#EURNZD
Total Profit: 3067 pip
Closed trade(s): 907 pip Profit
Open trade(s): 2160 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 1.7119 (day close price) based on 'Peak' at 2018.05.16 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6965 touched at 2018.05.21 with 154 pip Profit.
TP2 @ 1.6815 touched at 2018.05.28 with 304 pip Profit.
TP3 @ 1.6670 touched at 2018.05.29 with 449 pip Profit.
154 + 304 + 449 = 907 pip

Open Profit:
Profit for one trade is 1.7119(open price) - 1.6849(current price) = 270 pip
8 trade(s) still open, therefore total profit for open trade(s) is 270 x 8 = 2160 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.
  • If the Midterm level 1.6965 is broken, we will close open trades.

DateJune 23, 2018 - 19:16
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 1.6965, beginning of downtrend is expected.
  • We make sure when the support at 1.6600 breaks.
  • If the resistance at 1.6965 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.6965 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 32 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.6565 on 06/15/2018, so more gains maximum to Major Resistance (1.6965) 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. 1.6965
  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) new Sat, 4 Jul 2020
Euro / New Zealand Dollar (EURNZD) Sat, 27 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 20 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 13 Jun 2020
Euro / New Zealand Dollar (EURNZD) Sat, 6 Jun 2020