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

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Trade Setup
#NZDCHF
Total Profit: -126 pip
Closed trade(s): 42 pip Profit
Open trade(s): -168 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 0.6778 (day close price) 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 0.6750(current price) - 0.6778(open price) = -28 pip
6 trade(s) still open, therefore total profit for open trade(s) is -28 x 6 = -168 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.
DateMay 4, 2019 - 19:40
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.66700, beginning of uptrend is expected.
  • We make sure when the resistance at 0.69100 breaks.
  • If the support at 0.66700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.6715 on 04/25/2019, so more gains to resistance(s) 0.6780, 0.6820, 0.6870 and maximum to Major Resistance (0.6910) 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. 0.6820
  2. 0.6870
  3. 0.6910
  4. 0.7025
  5. 0.7095
  6. 0.7290
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 14 Apr 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 7 Apr 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 31 Mar 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 24 Mar 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDCHF.