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: 991 pip
Closed trade(s): 151 pip Profit
Open trade(s): 840 pip Profit

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

Closed Profit:
TP1 @ 76.20 touched at 2021.02.15 with 48 pip Profit.
TP2 @ 76.75 touched at 2021.02.19 with 103 pip Profit.
48 + 103 = 151 pip

Open Profit:
Profit for one trade is 76.92(current price) - 75.72(open price) = 120 pip
7 trade(s) still open, therefore total profit for open trade(s) is 120 x 7 = 840 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.

DateFebruary 21, 2021 - 13:54
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 73.35 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 72.78 on 2020-11-12 and the peak at 75.57 on 2021-01-08, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 75.31 on 02/11/2021, so more gains to resistance(s) 77.40, 78.15, 78.85 and more heights 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 69.

Take Profits:

  1. 76.20
  2. 76.75
  3. 77.40
  4. 78.15
  5. 78.85
  6. 80.05
  7. 81.55
  8. 83.35
Click on the level to view price action history.