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
Trade Setup

#NZDUSD
Total Loss: 2761 pip
Closed trade(s): 2761 pip Loss

Trade Setup:
We opened 11 BUY trades @ 0.61033 based on 'Valley' entry method at 2022-09-09.

Closed Loss:
SL @ 0.58516 touched at 2022-09-21 with 2761 pip Loss.
Loss for one BUY trade is 0.61033(open price) - 0.58516(close price) = 251 pip
Therefore total loss for trades is 251 x 11 = 2761 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSeptember 24, 2022 - 13:12
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.59950 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of downtrend is increased.
  • A peak is formed in daily chart at 0.61605 on 09/13/2022, so more losses to support(s) 0.55765, 0.54700, 0.53000 and more depths 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 24.

Supports and Resistances:

  1. 0.74650
  2. 0.72150
  3. 0.70330
  4. 0.68892
  5. 0.68025
  6. 0.65300
  7. 0.64569
  8. 0.63558
  9. 0.62500
  10. 0.61905
Click on the level to view price action history.