website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / US Dollar technical chart
Symbol NZDUSD

Download MT4 template file

Trade Setup
#NZDUSD
Total Profit: 69 pip
Closed trade(s): 69 pip Profit
Open trade(s): 0 pip Profit

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

Closed Profit:
TP1 @ 0.6425 touched at 2019.10.22 with 69 pip Profit.

9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6330 to 0.6270). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.6330)
    • Support on 08/31/2015
    • Support on 09/03/2015
    • Support on 09/09/2015
    • Support on 09/16/2015
    • Support on 09/17/2015
    • Support on 09/18/2015
    • Support on 09/25/2015
    • Support on 09/30/2015
    • Support on 08/28/2019
    • Support on 09/04/2019
    • Support on 09/17/2019
    • Resistance on 09/24/2019
    • Resistance on 09/25/2019
    • Resistance on 09/26/2019
    • Resistance on 10/04/2019
    • Resistance on 10/08/2019
    • Resistance on 10/10/2019
    • Resistance on 10/14/2019
  • Ending of entry zone (0.6270)
    • Support on 08/24/2015
    • Support on 09/04/2015
    • Support on 09/10/2015
    • Support on 09/22/2015
    • Support on 09/23/2015
    • Support on 09/24/2015
    • Support on 09/03/2019
    • Resistance on 10/02/2019
    • Support on 10/15/2019
    • Support on 10/16/2019
    • Support on 10/17/2019

DateOctober 26, 2019 - 19:46
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.61100, beginning of uptrend is expected.
  • We make sure when the resistance at 0.65000 breaks.
  • If the support at 0.61100 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.
  • A peak is formed in daily chart at 0.6435 on 10/22/2019, so more losses to support(s) 0.6330, 0.6270 and minimum to Major Support (0.6110) 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 51.

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.