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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.7820 to 1.8000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is above the level 1.7665, the probability of beginning of downtrend is too weak, so we would enter the market with sell trades based on Daily-Trading-Opportunities and a day close price below 1.7665 and expect to reach short-term targets.

  • Beginning of entry zone (1.7820)
    • Resistance on 11/22/2010
    • Resistance on 12/08/2010
    • Resistance on 12/09/2010
    • Resistance on 12/13/2010
    • Resistance on 12/14/2010
    • Resistance on 01/26/2011
    • Resistance on 01/27/2011
    • Resistance on 01/28/2011
    • Resistance on 01/31/2011
    • Resistance on 02/09/2011
    • Support on 02/15/2011
    • Support on 02/18/2011
    • Support on 05/12/2011
    • Resistance on 06/28/2011
    • Support on 11/21/2011
    • Resistance on 08/26/2015
    • Resistance on 09/02/2015
    • Resistance on 09/16/2015
    • Resistance on 09/21/2015
    • Resistance on 09/23/2015
    • Resistance on 09/24/2015
    • Resistance on 09/29/2015
    • Resistance on 09/11/2018
    • Resistance on 09/12/2018
    • Resistance on 10/09/2018
  • Ending of entry zone (1.8000)
    • Resistance on 12/16/2010
    • Resistance on 12/17/2010
    • Resistance on 01/21/2011
    • Resistance on 02/16/2011
    • Resistance on 02/17/2011
    • Support on 04/18/2011
    • Support on 05/09/2011
    • Support on 05/18/2011
    • Support on 05/19/2011
    • Resistance on 06/08/2011
    • Resistance on 11/25/2011
    • Resistance on 08/24/2015
    • Resistance on 08/25/2015
    • Resistance on 09/11/2015
    • Resistance on 09/14/2015
    • Resistance on 09/17/2015
    • Resistance on 09/18/2015
DateOctober 14, 2018 - 17:34
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.81900, beginning of downtrend is expected.
  • We make sure when the support at 1.76650 breaks.
  • If the resistance at 1.81900 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.7730 and minimum to Major Support (1.7665) 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 55.

Take Profits:

  1. 1.7480
  2. 1.7390
  3. 1.7235
  4. 1.7115
  5. 1.6815
  6. 1.6565
  7. 1.6220
  8. 1.5825
  9. 1.5255
  10. 1.4535
  11. 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.