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

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Trade Setup
#NZDCHF
Total Profit: 159 pip
Closed trade(s): 39 pip Profit
Open trade(s): 120 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.

Open Profit:
Profit for one trade is 0.6586(current price) - 0.6571(open price) = 15 pip
8 trade(s) still open, therefore total profit for open trade(s) is 15 x 8 = 120 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 13, 2019 - 19:40
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:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.6525 on 07/10/2019, so more gains to resistance(s) 0.6610, 0.6650 and maximum to Major Resistance (0.6720) 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. 0.6610
  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.
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.