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

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Trade Setup
#NZDJPY
Total Profit: -3276 pip
Closed trade(s): 0 pip Profit
Open trade(s): -3276 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 72.08(current price) - 75.72(open price) = -364 pip
9 trade(s) still open, therefore total profit for open trade(s) is -364 x 9 = -3276 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 8, 2019 - 19:06
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:

  • The RSI bounced from the support #1 at 25 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 70.65 on 06/03/2019, so more gains maximum to Major Resistance (72.25) 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 49.

Take Profits:

  1. 71.30
  2. 72.25
  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.
Symbol Released Current Forecast
New Zealand Dollar / Japanese Yen (NZDJPY) Sun, 14 Apr 2024
New Zealand Dollar / Japanese Yen (NZDJPY) Sun, 7 Apr 2024
New Zealand Dollar / Japanese Yen (NZDJPY) Sun, 31 Mar 2024
New Zealand Dollar / Japanese Yen (NZDJPY) Sun, 24 Mar 2024
New Zealand Dollar / Japanese Yen (NZDJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDJPY.