website utilities


Follow us:
+1 64 64 8000 31 (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: 8456 pip
Closed trade(s): 2798 pip Profit
Open trade(s): 5658 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.7568 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) - 1.6625(current price) = 943 pip
6 trade(s) still open, therefore total profit for open trade(s) is 943 x 6 = 5658 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 1.68150 is broken, we will close open trades.
  • Price may also reach 1.68150, 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.

DateDecember 15, 2018 - 14:37
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.68150 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 1.68150 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.65555 on 2018-11-15 and the trough at 1.6328 on 2018-12-05, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.6666 on 12/10/2018, so more losses to support(s) 1.6565, 1.6225, 1.5830 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 47.

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.

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