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Trend Hunter performance since 2015 for this symbol

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Weekly forecast New Zealand Dollar vs. Japanese Yen technical chart
Symbol NZDJPY

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Trade Setup
#NZDJPY
Total Profit: -4509 pip
Closed trade(s): 0 pip Profit
Open trade(s): -4509 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 70.71(current price) - 75.72(open price) = -501 pip
9 trade(s) still open, therefore total profit for open trade(s) is -501 x 9 = -4509 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.

DateSat, 06/22/2019 - 21:39
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 68.95, beginning of uptrend is expected.
  • We make sure when the resistance at 72.25 breaks.
  • If the support at 68.95 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 72.25 on 06/10/2019, so more losses to support(s) 70.25, 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 36.

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.