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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: 3266 pip
Closed trade(s): 966 pip Profit
Open trade(s): 2300 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.
TP2 @ 1.6725 touched at 2019.04.09 with 199 pip Profit.
TP3 @ 1.6815 touched at 2019.04.17 with 289 pip Profit.
TP4 @ 1.6965 touched at 2019.05.07 with 439 pip Profit.
39 + 199 + 289 + 439 = 966 pip

Open Profit:
Profit for one trade is 1.7101(current price) - 1.6526(open price) = 575 pip
4 trade(s) still open, therefore total profit for open trade(s) is 575 x 4 = 2300 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.
  • If the Midterm level 1.6725 is broken, we will close open trades.

DateSat, 05/25/2019 - 20:17
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.6725, continuation of uptrend is expected.
  • We make sure when the resistance at 1.7230 breaks.
  • If the support at 1.6725 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.6725 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.6815 on 05/03/2019, so more gains maximum to Major Resistance (1.7230) 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 62.

Take Profits:

  1. 1.6565
  2. 1.6725
  3. 1.6815
  4. 1.6965
  5. 1.7230
  6. 1.7480
  7. 1.7930
Click on the level to view price action history.