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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: 1443 pip
Closed trade(s): 155 pip Profit
Open trade(s): 1288 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 71.00 based on 'Valley' at 2019.06.24 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 71.30 touched at 2019.06.26 with 30 pip Profit.
TP2 @ 72.25 touched at 2019.06.28 with 125 pip Profit.
30 + 125 = 155 pip

Open Profit:
Profit for one trade is 72.84(current price) - 71.00(open price) = 184 pip
7 trade(s) still open, therefore total profit for open trade(s) is 184 x 7 = 1288 pip

#NZDJPY
Total Profit: -2592 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2592 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 72.84(current price) - 75.72(open price) = -288 pip
9 trade(s) still open, therefore total profit for open trade(s) is -288 x 9 = -2592 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, 07/20/2019 - 15:59
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 73.85 breaks.
  • If the support at 68.95 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 70.25 on 06/18/2019, so more gains to resistance(s) 73.20 and maximum to Major Resistance (73.85) 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 65.

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.