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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: 5877 pip
Closed trade(s): 1985 pip Profit
Open trade(s): 3892 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.
TP4 @ 1.8930 touched at 2019.06.27 with 529 pip Profit.
TP5 @ 1.8605 touched at 2019.07.16 with 854 pip Profit.
24 + 214 + 364 + 529 + 854 = 1985 pip

Open Profit:
Profit for one trade is 1.9459(open price) - 1.8486(current price) = 973 pip
4 trade(s) still open, therefore total profit for open trade(s) is 973 x 4 = 3892 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 1.9095 is broken, we will close open trades.

DateSat, 07/20/2019 - 15:54
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1.9095, continuation of downtrend is expected.
  • We make sure when the support at 1.8120 breaks.
  • If the resistance at 1.9095 is broken, the short-term forecast -continuation of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.9095 is broken.

Technical analysis:

  • While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.8950 on 07/10/2019, so more losses to support(s) 1.8275 and minimum to Major Support (1.8120) 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 26.

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.