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Weekly forecast New Zealand Dollar / Japanese Yen technical chart
Symbol NZDJPY

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Trade Setup
#NZDJPY
Total Profit: 155 pip
Closed trade(s): 155 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 71.00 based on 'Valley' at 2019.06.24 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 71.30 touched at 2019.06.26 with 30 pip Profit.
TP2 @ 72.25 touched at 2019.06.28 with 125 pip Profit.
30 + 125 = 155 pip

7 other break-even trades closed at entry price, therefore no profit no loss.

#NZDJPY
Total Profit: -5454 pip
Closed trade(s): 0 pip Profit
Open trade(s): -5454 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 75.72 (day close price) based on 'Valley' at 2019.04.12.

Open Profit:
Profit for one trade is 69.66(current price) - 75.72(open price) = -606 pip
9 trade(s) still open, therefore total profit for open trade(s) is -606 x 9 = -5454 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 3, 2019 - 22:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 68.950, beginning of uptrend is expected.
  • We make sure when the resistance at 73.850 breaks.
  • If the support at 68.950 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 73.25 on 07/22/2019, so more losses minimum to Major Support (68.95) 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 21.

Supports and Resistances:

  1. 83.35
  2. 78.85
  3. 76.75
  4. 75.65
  5. 74.75
  6. 73.85
  7. 72.25
  8. 71.30
  9. 68.95
  10. 67.95
  11. 65.70
  12. 61.95
  13. 58.55
Click on the level to view price action history.