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

Download MT4 template file

Trade Setup

#NZDUSD
Total Profit: 980 pip
Closed trade(s): 420 pip Profit
Open trade(s): 560 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.7155 based on 'Peak' at 2021.04.30 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.7100 touched at 2021.06.16 with 55 pip Profit.
TP2 @ 0.7005 touched at 2021.06.17 with 150 pip Profit.
TP3 @ 0.6940 touched at 2021.06.18 with 215 pip Profit.
55 + 150 + 215 = 420 pip

Open Profit:
Profit for one trade is 0.7155(open price) - 0.7043(current price) = 112 pip
5 trade(s) still open, therefore total profit for open trade(s) is 112 x 5 = 560 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.
  • If the Midterm level 0.71500 is broken, we will close open trades.
DateAugust 14, 2021 - 07:50
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.71500, resumption of downtrend is expected.
  • We make sure when the support at 0.68800 breaks.
  • If the resistance at 0.71500 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.71500 is broken.

Technical analysis:

  • While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.6970 on 08/10/2021, so more gains to resistance(s) 0.7100 and maximum to Major Resistance (0.7150) 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 54.

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.
Symbol Released Current Forecast
New Zealand Dollar / US Dollar (NZDUSD) Sun, 14 Apr 2024
New Zealand Dollar / US Dollar (NZDUSD) Sun, 14 Apr 2024
New Zealand Dollar / US Dollar (NZDUSD) Sat, 6 Apr 2024
New Zealand Dollar / US Dollar (NZDUSD) Sat, 30 Mar 2024
New Zealand Dollar / US Dollar (NZDUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on NZDUSD.