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

#NZDUSD
Total Profit: 6727 pip
Closed trade(s): 2323 pip Profit
Open trade(s): 4404 pip Profit

Trade Setup:
We opened 12 BUY trades @ 0.57569 based on 'Hammer' entry method at 2022-10-21.

Closed Profit:
TP1 @ 0.58874 touched at 2022-11-01 with 130 pip Profit.
TP2 @ 0.59981 touched at 2022-11-08 with 241 pip Profit.
TP3 @ 0.60555 touched at 2022-11-11 with 299 pip Profit.
TP4 @ 0.61594 touched at 2022-11-15 with 402 pip Profit.
TP5 @ 0.63078 touched at 2022-11-30 with 551 pip Profit.
TP6 @ 0.64569 touched at 2022-12-13 with 700 pip Profit.
130 + 241 + 299 + 402 + 551 + 700 = 2323 pip

Open Profit:
Profit for one BUY trade is 0.64907(current price) - 0.57569(open price) = 734 pip
6 trade(s) still open, therefore total profit for open trade(s) is 734 x 6 = 4404 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 0.61582 is broken, we will close open trades.
DateJanuary 28, 2023 - 22:33
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.61582, resumption of uptrend is expected.
  • We make sure when the resistance at 0.65715 breaks.
  • If the support at 0.61582 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.61582 is broken.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.61871 on 01/06/2023, so more gains maximum to Major Resistance (0.65715) 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. 0.58874
  2. 0.59981
  3. 0.60555
  4. 0.61582
  5. 0.63078
  6. 0.64680
  7. 0.65715
  8. 0.68105
  9. 0.70330
  10. 0.72150
  11. 0.74650
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / US Dollar (NZDUSD) new free Thu, 30 Nov 2023
New Zealand Dollar / US Dollar (NZDUSD) free Sat, 25 Nov 2023
New Zealand Dollar / US Dollar (NZDUSD) free Sat, 18 Nov 2023
New Zealand Dollar / US Dollar (NZDUSD) Sat, 11 Nov 2023
New Zealand Dollar / US Dollar (NZDUSD) free Sat, 4 Nov 2023
History
Daily-Trading-Opportunities on NZDUSD.