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

Download MT4 template file

Trade Setup
#NZDCAD
Total Profit: 4474 pip
Closed trade(s): 2354 pip Profit
Open trade(s): 2120 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.8562 (day close price) based on 'Trough (Valley)' at 2018.10.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.8640 touched at 2018.11.01 with 77 pip Profit.
TP2 @ 0.8725 touched at 2018.11.02 with 162 pip Profit.
TP3 @ 0.8780 touched at 2018.11.06 with 217 pip Profit.
TP4 @ 0.8920 touched at 2018.11.07 with 357 pip Profit.
TP5 @ 0.9000 touched at 2018.11.14 with 437 pip Profit.
TP6 @ 0.9060 touched at 2018.11.21 with 497 pip Profit.
TP7 @ 0.9170 touched at 2018.12.04 with 607 pip Profit.
77 + 162 + 217 + 357 + 437 + 497 + 607 = 2354 pip

Open Profit:
Profit for one trade is 0.8987(current price) - 0.8562(open price) = 424 pip
5 trade(s) still open, therefore total profit for open trade(s) is 424 x 5 = 2120 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 0.89200 is broken, we will close open trades.
  • Price may also reach 0.89200, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateFebruary 23, 2019 - 21:03
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.89200 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.89200 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.9120 on 02/14/2019, so more losses minimum to Major Support (0.8920) 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 46.

Take Profits:

  1. 0.8640
  2. 0.8725
  3. 0.8780
  4. 0.8920
  5. 0.9000
  6. 0.9060
  7. 0.9170
  8. 0.9260
  9. 0.9515
  10. 0.9760
  11. 0.9920
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Canadian Dollar (NZDCAD) new Sun, 21 Apr 2024
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
History
Daily-Trading-Opportunities on NZDCAD.