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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. New Zealand Dollar technical chart
Symbol EURNZD

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Trade Setup

#EURNZD
Total Profit: 7934 pip
Closed trade(s): 2798 pip Profit
Open trade(s): 5136 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.7568 (day close price) based on 'Two-day reversal candle & Close below 1.7665' at 2018.10.16 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.7480 touched at 2018.10.19 with 88 pip Profit.
TP2 @ 1.7390 touched at 2018.10.19 with 178 pip Profit.
TP3 @ 1.7245 touched at 2018.11.01 with 323 pip Profit.
TP4 @ 1.7115 touched at 2018.11.02 with 453 pip Profit.
TP5 @ 1.6815 touched at 2018.11.07 with 753 pip Profit.
TP6 @ 1.6565 touched at 2018.11.15 with 1003 pip Profit.
88 + 178 + 323 + 453 + 753 + 1003 = 2798 pip

Open Profit:
Profit for one trade is 1.7568(open price) - 1.6712(current price) = 856 pip
6 trade(s) still open, therefore total profit for open trade(s) is 856 x 6 = 5136 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 1.7115 is broken, we will close open trades.
  • Price may also reach 1.7115, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 11/24/2018 - 23:11
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • 1.7115 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.7115 is broken.

Technical analysis:

  • While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.6555 on 11/15/2018, so more gains to resistance(s) 1.6815 and maximum to Major Resistance (1.7115) 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 33.

Take Profits:

  1. 1.7480
  2. 1.7390
  3. 1.7245
  4. 1.7115
  5. 1.6815
  6. 1.6565
  7. 1.6225
  8. 1.5830
  9. 1.5255
  10. 1.4535
  11. 1.3875
Click on the level to view price action history.