Weekly EURNZD Technical Analysis and Forecast - Forex

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Weekly forecast Euro / New Zealand Dollar technical chart

Symbol

EURNZD

Download MT4 template file

Trade Setup

#EURNZD
Total Profit: -360 pip
Closed trade(s): 39 pip Profit
Open trade(s): -399 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.6526 (day close price) based on 'Valley' at 2019.03.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6565 touched at 2019.03.14 with 39 pip Profit.

Open Profit:
Profit for one trade is 1.6469(current price) - 1.6526(open price) = -57 pip
7 trade(s) still open, therefore total profit for open trade(s) is -57 x 7 = -399 pip

Trading suggestion:

We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date March 30, 2019 - 15:26

Current range bound

Forecast beginning of uptrend

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.62250 would begin in Midterm.

Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.6290 on 03/27/2019, so more gains to resistance(s) 1.6565, 1.6725, 1.6815 and more heights 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 46.

Take Profits:

1.6565
- Resistance on 03/27/2019
- Resistance on 03/21/2019
- Resistance on 03/20/2019
- Resistance on 03/19/2019
- Resistance on 03/18/2019
- Resistance on 03/14/2019
- Support on 03/07/2019
- Resistance on 02/19/2019
- Resistance on 02/15/2019
- Support on 02/04/2019
- Support on 02/01/2019
- Support on 12/19/2018
- Support on 12/18/2018
- Resistance on 12/11/2018
- Resistance on 12/06/2018
- Support on 11/16/2018
- Support on 11/15/2018
- Support on 06/15/2018
- Support on 06/14/2018
- Trough on 06/14/2018
- Support on 01/12/2018
- Support on 01/11/2018
- Support on 01/10/2018
- Support on 10/12/2017
- Resistance on 10/06/2017
- Resistance on 09/12/2017
- Resistance on 09/11/2017
- Resistance on 09/06/2017
- Resistance on 08/30/2017
- Resistance on 08/29/2017
1.6725
- Resistance on 03/07/2019
- Resistance on 03/06/2019
- Resistance on 03/01/2019
- Resistance on 02/28/2019
- Resistance on 02/22/2019
- Support on 02/12/2019
- Resistance on 01/30/2019
- Support on 01/29/2019
- Support on 01/23/2019
- Support on 01/16/2019
- Support on 01/15/2019
- Resistance on 12/14/2018
- Resistance on 11/14/2018
- Resistance on 06/15/2018
- Support on 06/13/2018
- Support on 06/12/2018
- Support on 06/11/2018
- Support on 06/08/2018
- Support on 06/07/2018
- Resistance on 06/04/2018
- Support on 05/28/2018
- Support on 02/21/2018
- Trough on 02/21/2018
- Support on 01/22/2018
1.6815
- Resistance on 02/13/2019
- Resistance on 02/12/2019
- Resistance on 02/08/2019
- Resistance on 02/07/2019
- Resistance on 01/24/2019
- Support on 01/22/2019
- Resistance on 01/16/2019
- Resistance on 01/15/2019
- Resistance on 12/19/2018
- Support on 11/08/2018
- Support on 11/07/2018
- Support on 06/22/2018
- Resistance on 06/19/2018
- Resistance on 06/14/2018
- Resistance on 06/13/2018
- Resistance on 06/08/2018
- Resistance on 06/07/2018
- Support on 05/25/2018
- Resistance on 04/16/2018
- Resistance on 04/12/2018
- Support on 04/09/2018
- Support on 03/13/2018
- Support on 03/12/2018
- Support on 03/01/2018
- Support on 02/26/2018
- Support on 02/01/2018
- Support on 01/31/2018
1.6965
- Resistance on 01/11/2019
- Support on 01/09/2019
- Support on 01/08/2019
- Support on 01/03/2019
- Resistance on 12/26/2018
- Resistance on 12/21/2018
- Resistance on 12/20/2018
- Resistance on 11/07/2018
- Support on 06/28/2018
- Resistance on 06/25/2018
- Support on 05/22/2018
- Support on 05/21/2018
- Support on 05/09/2018
- Support on 05/08/2018
- Support on 05/07/2018
- Support on 03/26/2018
- Resistance on 03/09/2018
- Support on 03/06/2018
- Resistance on 03/01/2018
- Resistance on 02/12/2018
- Resistance on 02/09/2018
- Resistance on 02/08/2018
- Resistance on 02/07/2018
- Resistance on 01/30/2018
- Resistance on 01/29/2018
- Resistance on 01/26/2018
- Resistance on 01/25/2018
- Resistance on 01/04/2018
- Resistance on 01/03/2018
- Resistance on 12/29/2017
- Resistance on 12/21/2017
- Resistance on 12/14/2017
- Resistance on 10/23/2017
- Resistance on 10/20/2017
- Resistance on 02/17/2016
- Resistance on 02/16/2016
- Resistance on 02/11/2016
- Resistance on 01/28/2016
- Resistance on 01/27/2016
- Resistance on 01/21/2016
- Resistance on 01/15/2016
- Resistance on 01/14/2016
- Resistance on 10/21/2015
- Support on 10/07/2015
- Support on 08/24/2015
- Resistance on 08/20/2015
- Resistance on 08/13/2015
- Resistance on 08/12/2015
- Resistance on 12/27/2013
- Support on 08/30/2013
- Support on 08/29/2013
- Resistance on 08/06/2013
- Resistance on 08/02/2013
- Resistance on 06/26/2013
- Resistance on 06/25/2013
- Resistance on 06/24/2013
- Resistance on 06/11/2013
- Resistance on 05/18/2012
1.7230
- Resistance on 01/03/2019
- Peak on 01/03/2019
- Support on 08/22/2018
- Support on 08/16/2018
- Support on 08/15/2018
- Support on 08/14/2018
- Resistance on 08/08/2018
- Resistance on 08/07/2018
- Resistance on 08/03/2018
- Resistance on 07/31/2018
- Resistance on 07/24/2018
- Resistance on 07/18/2018
- Support on 07/16/2018
- Support on 07/04/2018
- Support on 07/03/2018
- Resistance on 04/26/2018
- Resistance on 04/25/2018
1.7480
- Support on 10/18/2018
- Support on 10/02/2018
- Support on 10/01/2018
- Support on 09/28/2018
- Resistance on 08/29/2018
- Resistance on 08/28/2018
- Resistance on 08/10/2018
- Resistance on 08/09/2018
- Resistance on 12/01/2017
- Support on 09/28/2015
- Support on 09/25/2015
- Support on 09/09/2015
- Support on 08/26/2015
- Support on 08/25/2015
- Support on 11/29/2011
- Resistance on 11/14/2011
- Resistance on 11/04/2011
- Resistance on 11/03/2011
- Resistance on 11/02/2011
- Resistance on 10/26/2011
- Resistance on 10/25/2011
- Resistance on 10/07/2011
- Resistance on 10/06/2011
- Resistance on 09/28/2011
- Resistance on 09/26/2011
- Resistance on 09/23/2011
- Resistance on 08/24/2011
- Resistance on 08/23/2011
- Resistance on 08/18/2011
- Resistance on 08/15/2011
- Resistance on 08/11/2011
- Resistance on 08/10/2011
- Resistance on 08/09/2011
- Resistance on 07/06/2011
- Support on 07/05/2011
- Support on 07/04/2011
- Support on 07/01/2011
- Support on 06/23/2011
- Resistance on 01/14/2011
- Resistance on 01/04/2011
- Support on 12/27/2010
- Support on 12/24/2010
- Support on 12/23/2010
- Support on 12/08/2010
- Support on 12/07/2010
- Support on 12/06/2010
- Support on 12/03/2010
- Support on 12/02/2010
- Support on 12/01/2010
- Support on 11/30/2010
- Support on 11/26/2010
- Support on 11/25/2010
- Support on 11/24/2010
- Support on 11/23/2010
- Support on 11/18/2010
- Support on 11/15/2010
- Support on 11/12/2010
- Support on 11/11/2010
- Support on 09/09/2010
- Resistance on 06/28/2010
- Resistance on 06/25/2010
- Resistance on 06/24/2010
- Resistance on 06/21/2010
- Support on 06/18/2010
- Support on 06/17/2010
- Support on 06/14/2010
- Support on 06/11/2010
- Support on 05/17/2010
1.7930
- Resistance on 10/08/2018
- Resistance on 09/29/2015
- Resistance on 09/24/2015
- Resistance on 09/23/2015
- Resistance on 09/15/2015
- Resistance on 09/10/2015
- Resistance on 09/02/2015
- Resistance on 09/01/2015
- Resistance on 08/25/2015
- Resistance on 08/24/2015

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Euro / New Zealand Dollar (EURNZD)^new	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

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Forex
AUDCAD^new^free
AUDCHF^new^free
AUDJPY^new
AUDNZD^new
AUDUSD^new
CADCHF^new
CADJPY^new
CHFJPY^new
EURAUD^new
EURCAD^new
EURCHF^new^free
EURGBP^new
EURJPY^new
EURNZD^new
EURUSD^new
GBPAUD^new
GBPCAD^new
GBPCHF^new
GBPJPY^new
GBPNZD^new
GBPUSD^new
NZDCAD^new
NZDCHF^new
NZDJPY^new
NZDUSD^new
USDCAD^new
USDCHF^new^free
USDJPY^new

Forex
AUDSGD^new
CHFSGD^new^free
EURSGD^new
GBPSGD^new^free
NZDSGD^new
SGDJPY^new
USDSGD^new
USDTRY^new^free

1,978	1,582	1,442	1,407
1,155	622	595	555
496	470	456	454
415	408	379	293
274	267	262	258
241	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101