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

#NZDCAD
Total Profit: 6340 pip
Closed trade(s): 3943 pip Profit
Open trade(s): 2397 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.
TP2 @ 0.79336 touched at 2022-10-27 with 105 pip Profit.
TP3 @ 0.80265 touched at 2022-11-02 with 198 pip Profit.
TP4 @ 0.81424 touched at 2022-11-15 with 313 pip Profit.
TP5 @ 0.82520 touched at 2022-11-18 with 423 pip Profit.
TP6 @ 0.83350 touched at 2022-11-23 with 506 pip Profit.
TP7 @ 0.84740 touched at 2022-11-30 with 645 pip Profit.
TP8 @ 0.85990 touched at 2022-12-02 with 770 pip Profit.
TP9 @ 0.87693 touched at 2022-12-12 with 940 pip Profit.
43 + 105 + 198 + 313 + 423 + 506 + 645 + 770 + 940 = 3943 pip

Open Profit:
Profit for one BUY trade is 0.86278(current price) - 0.78293(open price) = 799 pip
3 trade(s) still open, therefore total profit for open trade(s) is 799 x 3 = 2397 pip

#NZDCAD
Total Profit: 6340 pip
Closed trade(s): 3943 pip Profit
Open trade(s): 2397 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.
TP2 @ 0.79336 touched at 2022-10-27 with 105 pip Profit.
TP3 @ 0.80265 touched at 2022-11-02 with 198 pip Profit.
TP4 @ 0.81424 touched at 2022-11-15 with 313 pip Profit.
TP5 @ 0.82520 touched at 2022-11-18 with 423 pip Profit.
TP6 @ 0.83350 touched at 2022-11-23 with 506 pip Profit.
TP7 @ 0.84740 touched at 2022-11-30 with 645 pip Profit.
TP8 @ 0.85990 touched at 2022-12-02 with 770 pip Profit.
TP9 @ 0.87693 touched at 2022-12-12 with 940 pip Profit.
43 + 105 + 198 + 313 + 423 + 506 + 645 + 770 + 940 = 3943 pip

Open Profit:
Profit for one BUY trade is 0.86278(current price) - 0.78293(open price) = 799 pip
3 trade(s) still open, therefore total profit for open trade(s) is 799 x 3 = 2397 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.
  • If the Midterm level 0.83350 is broken, we will close open trades.

DateJanuary 29, 2023 - 22:26
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.83350, resumption of uptrend is expected.
  • We make sure when the resistance at 0.88154 breaks.
  • If the support at 0.83350 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.83350 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.84325 on 01/06/2023, so more gains to resistance(s) 0.87693 and maximum to Major Resistance (0.88154) 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 55.

Take Profits:

  1. 0.78755
  2. 0.79330
  3. 0.80270
  4. 0.81498
  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.