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

#GBPNZD
Total Profit: 7408 pip
Closed trade(s): 1440 pip Profit
Open trade(s): 5968 pip Profit

Trade Setup:
We opened 12 SELL trades @ 2.33625 based on 'Shooting Star' entry method at 2026-01-14, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 2.32650 touched at 2026-01-16 with 98 pip Profit.
TP2 @ 2.31000 touched at 2026-01-20 with 263 pip Profit.
TP3 @ 2.29605 touched at 2026-01-21 with 402 pip Profit.
TP4 @ 2.26855 touched at 2026-01-30 with 677 pip Profit.
98 + 263 + 402 + 677 = 1440 pip

Open Profit:
Profit for one SELL trade is 2.33625(open price) - 2.26171(current price) = 746 pip
8 trade(s) still open, therefore total profit for open trade(s) is 746 x 8 = 5968 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 2.29605 is broken, we will close open trades.

DateFebruary 8, 2026 - 13:39
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 2.29605 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 2.29605 is broken.

Technical analysis:

  • A peak is formed in daily chart at 2.34515 on 01/09/2026, so more losses to support(s) 2.22920, 2.21360, 2.19055 and more depths 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 33.

Take Profits:

  1. 2.32650
  2. 2.31000
  3. 2.29605
  4. 2.26855
  5. 2.22920
  6. 2.21360
  7. 2.19055
  8. 2.16760
  9. 2.13595
  10. 2.11991
  11. 2.09770
Click on the level to view price action history.