Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / Japanese Yen technical chart
Symbol NZDJPY

Download MT4 template file

Trade Setup
#NZDJPY
Total Profit: 807 pip
Closed trade(s): 198 pip Profit
Open trade(s): 609 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 68.20 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.
TP2 @ 69.60 touched at 2019.10.21 with 139 pip Profit.
59 + 139 = 198 pip

Open Profit:
Profit for one trade is 69.08(current price) - 68.20(open price) = 87 pip
7 trade(s) still open, therefore total profit for open trade(s) is 87 x 7 = 609 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.

DateNovember 9, 2019 - 18:06
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

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:

  • 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 below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 52.

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.