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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. New Zealand Dollar technical chart
Symbol GBPNZD

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Trade Setup
#GBPNZD
Total Profit: -392 pip
Closed trade(s): 24 pip Profit
Open trade(s): -416 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 1.9459 (day close price) based on 'Shooting star' at 2019.04.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.9435 touched at 2019.04.26 with 24 pip Profit.

Open Profit:
Profit for one trade is 1.9459(open price) - 1.9511(current price) = -52 pip
8 trade(s) still open, therefore total profit for open trade(s) is -52 x 8 = -416 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.

DateSat, 05/18/2019 - 11:14
Currentrange bound
Forecastresumption of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 2.0470, resumption of downtrend is expected.
  • We make sure when the support at 1.9095 breaks.
  • If the resistance at 2.0470 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of downtrend is increased.
  • A peak is formed in daily chart at 2.0010 on 05/08/2019, so more losses to support(s) 1.9435, 1.9245 and minimum to Major Support (1.9095) 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 47.

Take Profits:

  1. 1.9435
  2. 1.9245
  3. 1.9095
  4. 1.8930
  5. 1.8605
  6. 1.8120
  7. 1.7440
  8. 1.6705
Click on the level to view price action history.