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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: 1310 pip
Closed trade(s): 602 pip Profit
Open trade(s): 708 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.
TP2 @ 1.9245 touched at 2019.06.03 with 214 pip Profit.
TP3 @ 1.9095 touched at 2019.06.07 with 364 pip Profit.
24 + 214 + 364 = 602 pip

Open Profit:
Profit for one trade is 1.9459(open price) - 1.9341(current price) = 118 pip
6 trade(s) still open, therefore total profit for open trade(s) is 118 x 6 = 708 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, 06/22/2019 - 21:24
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:

  • While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.9080 on 06/07/2019, so more gains to resistance(s) 1.9435, 1.9545, 1.9755 and maximum to Major Resistance (2.0470) 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 50.

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.