website utilities

Follow us:
+1 (646) 48 000 22 (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

Download MT4 template file

Trade Setup
Total Profit: -1137 pip
Closed trade(s): 32 pip Profit
Open trade(s): -1169 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.7132 based on 'Peak' entry method at 2021.01.15.

Closed Profit:
TP1 @ 0.7100 touched at 2021.01.18 with 32 pip Profit.

Open Profit:
Profit for one trade is 0.7132(open price) - 0.7299(current price) = -167 pip
7 trade(s) still open, therefore total profit for open trade(s) is -167 x 7 = -1169 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateFebruary 21, 2021 - 13:56
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 0.7560, beginning of downtrend is expected.
  • We make sure when the support at 0.6940 breaks.
  • If the resistance at 0.7560 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 0.7103 on 2020-12-03 and the peak at 0.73145 on 2021-01-06, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.7106 on 01/28/2021, so more gains to resistance(s) 0.7315, 0.7435 and maximum to Major Resistance (0.7560) 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 63.

Take Profits:

  1. 0.7100
  2. 0.7005
  3. 0.6940
  4. 0.6775
  5. 0.6615
  6. 0.6385
  7. 0.6240
Click on the level to view price action history.