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Trend Hunter performance since 2015 for this symbol

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Weekly forecast New Zealand Dollar / US Dollar technical chart
Symbol NZDUSD

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Trade Setup
#NZDUSD
Total Profit: 290 pip
Closed trade(s): 0 pip Profit
Open trade(s): 290 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6356 (day close price) based on 'Hammer' at 2019.09.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Open Profit:
Profit for one trade is 0.6385(current price) - 0.6356(open price) = 29 pip
10 trade(s) still open, therefore total profit for open trade(s) is 29 x 10 = 290 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, 10/19/2019 - 19:14
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.6110, beginning of uptrend is expected.
  • We make sure when the resistance at 0.6775 breaks.
  • If the support at 0.6110 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.62685 on 2019-09-03 and the trough at 0.62035 on 2019-10-01, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.6205 on 10/01/2019, so more gains to resistance(s) 0.6425, 0.6500, 0.6565 and maximum to Major Resistance (0.6775) 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 60.

Take Profits:

  1. 0.6425
  2. 0.6500
  3. 0.6565
  4. 0.6635
  5. 0.6685
  6. 0.6775
  7. 0.6940
  8. 0.7175
  9. 0.7435
Click on the level to view price action history.