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

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Trade Setup
#NZDJPY
Total Profit: -810 pip
Closed trade(s): 0 pip Profit
Open trade(s): -810 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 74.82(current price) - 75.72(open price) = -90 pip
9 trade(s) still open, therefore total profit for open trade(s) is -90 x 9 = -810 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.

DateApril 20, 2019 - 18:06
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 72.250, beginning of uptrend is expected.
  • We make sure when the resistance at 76.750 breaks.
  • If the support at 72.250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 75.95 on 04/15/2019, so more losses to support(s) 74.75, 74.40, 73.85 and minimum to Major Support (72.25) 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 41.

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.