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 British Pound / New Zealand Dollar technical chart
Symbol GBPNZD

Download MT4 template file

Trade Setup
#GBPNZD
Total Profit: 3221 pip
Closed trade(s): 2075 pip Profit
Open trade(s): 1146 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.9412 (day close price) based on 'Valley' at 2020.07.28 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.9465 touched at 2020.07.29 with 53 pip Profit.
TP2 @ 1.9635 touched at 2020.07.30 with 223 pip Profit.
TP3 @ 1.9780 touched at 2020.08.03 with 368 pip Profit.
TP4 @ 2.0000 touched at 2020.08.14 with 588 pip Profit.
TP5 @ 2.0255 touched at 2020.08.20 with 843 pip Profit.
53 + 223 + 368 + 588 + 843 = 2075 pip

Open Profit:
Profit for one trade is 1.9794(current price) - 1.9412(open price) = 382 pip
3 trade(s) still open, therefore total profit for open trade(s) is 382 x 3 = 1146 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 1.94650 is broken, we will close open trades.

DateAugust 29, 2020 - 22:32
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.94650, continuation of uptrend is expected.
  • We make sure when the resistance at 2.02550 breaks.
  • If the support at 1.94650 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.94650 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 2.0265 on 08/21/2020, so more losses to support(s) 1.9780, 1.9635 and minimum to Major Support (1.9465) 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 50.

Take Profits:

  1. 1.9465
  2. 1.9635
  3. 1.9780
  4. 2.0000
  5. 2.0255
  6. 2.0765
  7. 2.1035
Click on the level to view price action history.