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Trend Hunter performance since 2015 for this symbol

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Weekly forecast New Zealand Dollar vs. US Dollar technical chart
Symbol NZDUSD

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Trade Setup
#NZDUSD
Total Profit: 26 pip
Closed trade(s): 26 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6399 (day close price) based on 'Valley' at 2019.10.30.

Closed Profit:
TP1 @ 0.6425 touched at 2019.10.31 with 26 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 (0.6320 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 (0.6320)
    • Support on 08/31/2015
    • Support on 09/01/2015
    • Support on 09/02/2015
    • Support on 09/03/2015
    • Support on 09/15/2015
    • Support on 09/17/2015
    • Support on 09/25/2015
    • Support on 09/28/2015
    • Support on 09/29/2015
    • Support on 08/28/2019
    • Support on 09/04/2019
    • Support on 09/17/2019
    • Resistance on 09/26/2019
    • Resistance on 10/03/2019
    • Resistance on 10/07/2019
    • Resistance on 10/08/2019
    • Resistance on 10/09/2019
    • Resistance on 10/10/2019
    • Resistance on 10/16/2019
  • 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

DateSat, 11/09/2019 - 18:09
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.6110, beginning of uptrend is expected.
  • We make sure when the resistance at 0.6500 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.
  • A trough is formed in daily chart at 0.6205 on 10/01/2019, so more gains to resistance(s) 0.6425 and maximum to Major Resistance (0.6500) 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 44.

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.