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

Download MT4 template file

Trade Setup

#NZDUSD
Total Profit: 2018 pip
Closed trade(s): 668 pip Profit
Open trade(s): 1350 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) - 0.7127(current price) = 150 pip
9 trade(s) still open, therefore total profit for open trade(s) is 150 x 9 = 1350 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
DateJanuary 14, 2017 - 08:10
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.6860 on 12/23/2016, so more gains to resistance(s) 0.7175, 0.7260 and maximum to Trend Hunter Sell Zone (0.7325 to 0.7485) 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 60.

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.
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.