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

Download MT4 template file

Trade Setup
#NZDCHF
Total Profit: 2026 pip
Closed trade(s): 536 pip Profit
Open trade(s): 1490 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.6066 (day close price) based on 'Valley' at 2020.10.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.6115 touched at 2020.11.03 with 49 pip Profit.
TP2 @ 0.6170 touched at 2020.11.09 with 104 pip Profit.
TP3 @ 0.6225 touched at 2020.11.09 with 159 pip Profit.
TP4 @ 0.6290 touched at 2020.11.11 with 224 pip Profit.
49 + 104 + 159 + 224 = 536 pip

Open Profit:
Profit for one trade is 0.6364(current price) - 0.6066(open price) = 298 pip
5 trade(s) still open, therefore total profit for open trade(s) is 298 x 5 = 1490 pip

#NZDCHF
Total Profit: -2442 pip
Closed trade(s): 42 pip Profit
Open trade(s): -2484 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 0.6778 based on 'Valley' at 2019.04.12.

Closed Profit:
TP1 @ 0.6820 touched at 2019.04.17 with 42 pip Profit.

Open Profit:
Profit for one trade is 0.6364(current price) - 0.6778(open price) = -414 pip
6 trade(s) still open, therefore total profit for open trade(s) is -414 x 6 = -2484 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 0.62250 is broken, we will close open trades.

DateJanuary 2, 2021 - 22:08
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.62250 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.62250 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.6231 on 12/21/2020, so more gains to resistance(s) 0.6390, 0.6530, 0.6670 and more heights 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 61.

Take Profits:

  1. 0.6115
  2. 0.6170
  3. 0.6225
  4. 0.6290
  5. 0.6530
  6. 0.6670
  7. 0.6940
  8. 0.7290
Click on the level to view price action history.