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: 1870 pip
Closed trade(s): 760 pip Profit
Open trade(s): 1110 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6410 (day close price) based on 'Valley' at 2019.11.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.6425 touched at 2019.11.19 with 15 pip Profit.
TP2 @ 0.6500 touched at 2019.12.02 with 90 pip Profit.
TP3 @ 0.6565 touched at 2019.12.06 with 155 pip Profit.
TP4 @ 0.6635 touched at 2019.12.23 with 225 pip Profit.
TP5 @ 0.6685 touched at 2019.12.27 with 275 pip Profit.
15 + 90 + 155 + 225 + 275 = 760 pip

Open Profit:
Profit for one trade is 0.6632(current price) - 0.6410(open price) = 222 pip
5 trade(s) still open, therefore total profit for open trade(s) is 222 x 5 = 1110 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 0.65000 is broken, we will close open trades.

DateJanuary 11, 2020 - 19:19
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.65000 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.65000 is broken.

Technical analysis:

  • While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.6750 on 12/31/2019, so more losses to support(s) 0.6565 and minimum to Major Support (0.6500) 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 55.

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.