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Weekly forecast New Zealand Dollar / Swiss Franc technical chart
Symbol NZDCHF

Download MT4 template file

Trade Setup
#NZDCHF
Total Profit: 237 pip
Closed trade(s): 118 pip Profit
Open trade(s): 119 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.6571 based on 'Hammer' at 2019.07.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.6610 touched at 2019.07.12 with 39 pip Profit.
TP2 @ 0.6650 touched at 2019.07.17 with 79 pip Profit.
39 + 79 = 118 pip

Open Profit:
Profit for one trade is 0.6588(current price) - 0.6571(open price) = 17 pip
7 trade(s) still open, therefore total profit for open trade(s) is 17 x 7 = 119 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.

DateJuly 27, 2019 - 19:17
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.63150, beginning of uptrend is expected.
  • We make sure when the resistance at 0.67200 breaks.
  • If the support at 0.63150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.6675 on 07/19/2019, so more losses to support(s) 0.6530, 0.6475, 0.6400 and minimum to Major Support (0.6315) 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 50.

Take Profits:

  1. 0.6610
  2. 0.6650
  3. 0.6720
  4. 0.6820
  5. 0.6910
  6. 0.6965
  7. 0.7120
  8. 0.7290
Click on the level to view price action history.