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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
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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

Download MT4 template file

Trade Setup
#EURNZD
Total Profit: 3854 pip
Closed trade(s): 1670 pip Profit
Open trade(s): 2184 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.
TP5 @ 1.7230 touched at 2019.06.12 with 704 pip Profit.
39 + 199 + 289 + 439 + 704 = 1670 pip

Open Profit:
Profit for one trade is 1.7254(current price) - 1.6526(open price) = 728 pip
3 trade(s) still open, therefore total profit for open trade(s) is 728 x 3 = 2184 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 1.6910 is broken, we will close open trades.

DateSat, 06/22/2019 - 20:52
Currentrange bound
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.6910 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.6910 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.7200 on 05/23/2019, so more losses to support(s) 1.7230, 1.6965 and minimum to Major Support (1.6910) 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 61.

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.

Symbol Released Current Forecast
Euro vs. New Zealand Dollar (EURNZD) Sat, 20 Jul 2019
Euro vs. New Zealand Dollar (EURNZD) Sat, 13 Jul 2019
Euro vs. New Zealand Dollar (EURNZD) Sat, 6 Jul 2019
Euro vs. New Zealand Dollar (EURNZD) free Sat, 29 Jun 2019
Euro vs. New Zealand Dollar (EURNZD) free Sat, 22 Jun 2019