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Weekly forecast New Zealand Dollar / Singapore Dollar technical chart
Symbol NZDSGD

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Trade Setup
#NZDSGD
Total Profit: 1631 pip
Closed trade(s): 563 pip Profit
Open trade(s): 1068 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.8703 (day close price) based on 'Valley' at 2019.10.30.

Closed Profit:
TP1 @ 0.8720 touched at 2019.10.31 with 17 pip Profit.
TP2 @ 0.8805 touched at 2019.12.02 with 102 pip Profit.
TP3 @ 0.8885 touched at 2019.12.03 with 182 pip Profit.
TP4 @ 0.8965 touched at 2019.12.13 with 262 pip Profit.
17 + 102 + 182 + 262 = 563 pip

Open Profit:
Profit for one trade is 0.8881(current price) - 0.8703(open price) = 178 pip
6 trade(s) still open, therefore total profit for open trade(s) is 178 x 6 = 1068 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.
  • If the Midterm level 0.87950 is broken, we will close open trades.
DateFebruary 8, 2020 - 22:16
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.87950, beginning of uptrend is expected.
  • We make sure when the resistance at 0.90700 breaks.
  • If the support at 0.87950 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.87950 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.8965 on 02/06/2020, so more losses to support(s) 0.8805 and minimum to Major Support (0.8795) 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 48.

Take Profits:

  1. 0.8720
  2. 0.8805
  3. 0.8885
  4. 0.8965
  5. 0.9110
  6. 0.9205
  7. 0.9340
  8. 0.9480
  9. 0.9710
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 14 Apr 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 7 Apr 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 31 Mar 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 24 Mar 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDSGD.