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Weekly forecast British Pound / New Zealand Dollar technical chart
Symbol GBPNZD
Trade Setup

#GBPNZD
Total Profit: 0 pip
Closed trade(s): 0 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 9 BUY trades @ 1.91246 based on 'Valley' entry method at 2022-08-26.

Open Profit:
Profit for one BUY trade is 1.91246(current price) - 1.91246(open price) = 0 pip
9 trade(s) still open, therefore total profit for open trade(s) is 0 x 9 = 0 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.
DateAugust 27, 2022 - 19:07
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.87030, beginning of uptrend is expected.
  • We make sure when the resistance at 1.96317 breaks.
  • If the support at 1.87030 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.89475 on 08/25/2022, so more gains to resistance(s) 1.91514, 1.92418, 1.94385 and maximum to Major Resistance (1.96317) 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 49.

Take Profits:

  1. 1.90720
  2. 1.92418
  3. 1.94385
  4. 1.96317
  5. 1.98427
  6. 2.00520
  7. 2.02650
  8. 2.05278
  9. 2.10300
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / New Zealand Dollar (GBPNZD) new Sun, 14 Apr 2024
British Pound / New Zealand Dollar (GBPNZD) Sat, 6 Apr 2024
British Pound / New Zealand Dollar (GBPNZD) Mon, 1 Apr 2024
British Pound / New Zealand Dollar (GBPNZD) Sat, 30 Mar 2024
British Pound / New Zealand Dollar (GBPNZD) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on GBPNZD.