website utilities


Follow us:
+1 64 64 8000 31 (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: 5884 pip (9%)
Closed trade(s): 142 pip Profit (0%)
Open trade(s): 5742 pip Profit (9%)

Trade Setup:
We opened 10 SELL trade(s) @ 78.042 (day close price) based on ' Shooting star' at 2021.06.16 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 77.900 touched at 2021.06.17 with 142 pip Profit (0%).

Open Profit:
Profit for one trade is 78.042(open price) - 77.404(current price) = 638 pip (1%)
9 trade(s) still open, therefore total profit for open trade(s) is 638 (1%) x 9 = 5742 pip (9%)

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJune 17, 2021 - 14:43
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 80.150, beginning of downtrend is expected.
  • We make sure when the support at 75.600 breaks.
  • If the resistance at 80.150 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 79.2 on 2021-02-25 and the peak at 80.17 on 2021-05-27, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 80.15 on 05/27/2021, so more losses to support(s) 76.65 and minimum to Major Support (75.60) 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 37.

Take Profits:

  1. 77.90
  2. 76.65
  3. 75.60
  4. 74.50
  5. 73.65
  6. 72.80
  7. 71.50
  8. 70.45
  9. 68.85
Click on the level to view price action history.