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

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Trade Setup
#NZDJPY
Total Profit: -7515 pip
Closed trade(s): 0 pip Profit
Open trade(s): -7515 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 67.37(current price) - 75.72(open price) = -835 pip
9 trade(s) still open, therefore total profit for open trade(s) is -835 x 9 = -7515 pip

Trading suggestion:

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

DateAugust 24, 2019 - 20:20
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 65.700, beginning of uptrend is expected.
  • We make sure when the resistance at 70.250 breaks.
  • If the support at 65.700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 67.55 on 08/13/2019, so more gains to resistance(s) 67.60, 68.95 and maximum to Major Resistance (70.25) 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 28.

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. 67.60
  11. 65.70
  12. 61.95
  13. 58.55
Click on the level to view price action history.