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

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Trade Setup

#NZDUSD
Total Profit: 4277 pip
Closed trade(s): 668 pip Profit
Open trade(s): 3609 pip Profit
_______________________________________________
Trade Setup:
We opened 13 SELL trade(s) @ 0.7277 (day close price) based on 'Peak' at 2016.11.09 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/NZDUSD...

Closed Profit:
TP1 @ 0.7260 touched at 2016.11.10 with 17 pip Profit.
TP2 @ 0.7175 touched at 2016.11.11 with 102 pip Profit.
TP3 @ 0.7055 touched at 2016.11.16 with 222 pip Profit.
TP4 @ 0.6950 touched at 2016.12.16 with 327 pip Profit.
17 + 102 + 222 + 327 = 668 pip

Open Profit:
Profit for one trade is 0.7277(open price) - 0.6876(current price) = 401 pip
9 trade(s) still open, therefore total profit for open trade(s) is 401 x 9 = 3609 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7325 to 0.7485). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7325)
    • Support on 11/08/2016
    • Resistance on 09/27/2016
    • Resistance on 09/20/2016
    • Resistance on 09/19/2016
    • Resistance on 09/16/2016
    • Resistance on 09/05/2016
    • Resistance on 09/02/2016
    • Resistance on 08/26/2016
    • Resistance on 08/25/2016
    • Resistance on 08/24/2016
    • Resistance on 08/23/2016
    • Resistance on 08/17/2016
    • Resistance on 08/11/2016
    • Resistance on 07/13/2016
    • Peak on 07/13/2016
    • Resistance on 07/12/2016
    • Peak on 07/12/2016
    • Resistance on 05/26/2015
    • Trough on 05/14/2015
    • Trough on 05/13/2015
    • Support on 05/13/2015
    • Trough on 05/12/2015
    • Support on 05/12/2015
    • Support on 05/11/2015
    • Support on 03/13/2015
    • Support on 03/09/2015
    • Support on 02/12/2015
    • Peak on 05/03/2010
    • Peak on 04/30/2010
  • Ending of entry zone (0.7485)
    • Resistance on 09/08/2016
    • Peak on 09/07/2016
    • Resistance on 09/07/2016
    • Resistance on 05/13/2015
    • Peak on 05/11/2015
    • Resistance on 05/11/2015
    • Support on 05/06/2015
    • Support on 05/05/2015
    • Support on 04/15/2015
    • Support on 04/08/2015
    • Support on 04/07/2015
    • Resistance on 04/01/2015
    • Support on 03/30/2015
    • Resistance on 03/19/2015
    • Resistance on 03/18/2015
    • Resistance on 03/06/2015
    • Support on 03/05/2015
    • Support on 02/25/2015
    • Support on 02/24/2015
    • Support on 02/23/2015
    • Support on 02/17/2015
    • Resistance on 02/12/2015
    • Resistance on 01/28/2015
    • Support on 01/22/2015
    • Support on 06/01/2012
    • Support on 05/24/2012
    • Support on 05/23/2012
    • Support on 12/15/2011
    • Trough on 07/09/2008
    • Trough on 07/08/2008

DateDecember 24, 2016 - 08:52
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.7220 on 12/08/2016, so more losses to support(s) 0.6820, 0.6710, 0.6620 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 31.

Take Profits:

  1. 0.7260
  2. 0.7175
  3. 0.7055
  4. 0.6950
  5. 0.6820
  6. 0.6710
  7. 0.6620
  8. 0.6430
  9. 0.6245
  10. 0.5930
  11. 0.5485
  12. 0.4900
Click on the level to view price action history.