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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
  • Extreme market volatility
  • Thin market liquidity
  • Abnormal spreads
  • Price gaps
  • Slippage on executed orders
Please note that there is strong possibility of increased volatility on the day of the announcement which is very likely to affect GBP instruments.
We strongly recommend that you take the above risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions.

Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. New Zealand Dollar technical chart

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Trade Setup
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:

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.