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Weekly forecast New Zealand Dollar / Canadian Dollar technical chart
Symbol NZDCAD
Trade Setup

#NZDCAD
Total Profit: 324 pip
Closed trade(s): 0 pip Profit
Open trade(s): 324 pip Profit

Trade Setup:
We opened 12 BUY trades @ 0.78293 based on 'Valley' entry method at 2022-09-29.

Open Profit:
Profit for one BUY trade is 0.78557(current price) - 0.78293(open price) = 27 pip
12 trade(s) still open, therefore total profit for open trade(s) is 27 x 12 = 324 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateSeptember 29, 2022 - 23:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.76649, beginning of uptrend is expected.
  • We make sure when the resistance at 0.78724 breaks.
  • If the support at 0.76649 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.76685 on 09/28/2022, so more gains maximum to Major Resistance (0.78724) 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 45.

Take Profits:

  1. 0.78724
  2. 0.79336
  3. 0.80265
  4. 0.81424
  5. 0.82520
  6. 0.83350
  7. 0.84740
  8. 0.85990
  9. 0.87693
  10. 0.90169
  11. 0.93300
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Canadian Dollar (NZDCAD) Sun, 14 Apr 2024
New Zealand Dollar / Canadian Dollar (NZDCAD) free Sun, 7 Apr 2024
New Zealand Dollar / Canadian Dollar (NZDCAD) free Sun, 31 Mar 2024
New Zealand Dollar / Canadian Dollar (NZDCAD) Sun, 24 Mar 2024
New Zealand Dollar / Canadian Dollar (NZDCAD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDCAD.