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

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Trade Setup
#NZDJPY
Total Profit: -4437 pip
Closed trade(s): 0 pip Profit
Open trade(s): -4437 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 70.79(current price) - 75.72(open price) = -493 pip
9 trade(s) still open, therefore total profit for open trade(s) is -493 x 9 = -4437 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.

DateJune 1, 2019 - 21:34
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 68.950, beginning of uptrend is expected.
  • We make sure when the resistance at 72.250 breaks.
  • If the support at 68.950 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) 70.65, 69.70 and minimum to Major Support (68.95) 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 22.

Take Profits:

  1. 70.65
  2. 71.30
  3. 72.25
  4. 73.85
  5. 74.75
  6. 75.65
  7. 76.75
  8. 78.85
  9. 83.35
Click on the level to view price action history.