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

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Trade Setup
#NZDJPY
Total Profit: -3618 pip
Closed trade(s): 0 pip Profit
Open trade(s): -3618 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 71.70(current price) - 75.72(open price) = -402 pip
9 trade(s) still open, therefore total profit for open trade(s) is -402 x 9 = -3618 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.

DateMay 18, 2019 - 13:41
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 70.500, beginning of uptrend is expected.
  • We make sure when the resistance at 73.850 breaks.
  • If the support at 70.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 74.60 on 04/29/2019, so more losses to support(s) 71.50, 71.35 and minimum to Major Support (70.50) 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 26.

Take Profits:

  1. 72.25
  2. 73.20
  3. 73.85
  4. 74.75
  5. 75.65
  6. 76.75
  7. 78.85
  8. 83.35
Click on the level to view price action history.