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Trend Hunter performance since 2015 for this symbol

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

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Trade Setup
#NZDJPY
Total Profit: 867 pip
Closed trade(s): 59 pip Profit
Open trade(s): 808 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 68.20 (day close price) based on 'Valley' at 2019.10.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 68.80 touched at 2019.10.11 with 59 pip Profit.

Open Profit:
Profit for one trade is 69.22(current price) - 68.20(open price) = 101 pip
8 trade(s) still open, therefore total profit for open trade(s) is 101 x 8 = 808 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.

DateSat, 10/19/2019 - 19:11
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 65.65, beginning of uptrend is expected.
  • We make sure when the resistance at 70.25 breaks.
  • If the support at 65.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 67.56 on 2019-08-07 and the trough at 66.3 on 2019-08-26, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 66.95 on 10/02/2019, so more gains to resistance(s) 69.60 and maximum to Major Resistance (70.25) 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 64.

Take Profits:

  1. 68.80
  2. 69.60
  3. 70.25
  4. 71.50
  5. 72.55
  6. 73.55
  7. 75.70
  8. 78.45
Click on the level to view price action history.