website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / Canadian Dollar technical chart
Symbol NZDCAD
Trade Setup

#NZDCAD
Total Profit: -1420 pip
Closed trade(s): 43 pip Profit
Open trade(s): -1463 pip Profit

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

Closed Profit:
TP1 @ 0.78724 touched at 2022-10-06 with 43 pip Profit.

Open Profit:
Profit for one BUY trade is 0.76955(current price) - 0.78293(open price) = -133 pip
11 trade(s) still open, therefore total profit for open trade(s) is -133 x 11 = -1463 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.
DateOctober 9, 2022 - 08:04
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.75700, beginning of uptrend is expected.
  • We make sure when the resistance at 0.79336 breaks.
  • If the support at 0.75700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 47 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.78585 on 09/30/2022, so more losses to support(s) 0.76685 and minimum to Major Support (0.75700) 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 37.

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.