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

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Trade Setup

#NZDUSD
Total Profit: 3684 pip
Closed trade(s): 1052 pip Profit
Open trade(s): 2632 pip Profit
_______________________________________________
Trade Setup:
We opened 11 SELL trade(s) @ 0.7263 (day close price) based on 'Peak' at 2017.09.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.7175 touched at 2017.09.26 with 88 pip Profit.
TP2 @ 0.7055 touched at 2017.10.19 with 208 pip Profit.
TP3 @ 0.6950 touched at 2017.10.23 with 313 pip Profit.
TP4 @ 0.6820 touched at 2017.10.27 with 443 pip Profit.
88 + 208 + 313 + 443 = 1052 pip

Open Profit:
Profit for one trade is 0.7263(open price) - 0.6887(current price) = 376 pip
7 trade(s) still open, therefore total profit for open trade(s) is 376 x 7 = 2632 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7375 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 (0.7375)
    • Resistance on 09/20/2017
    • Resistance on 08/10/2017
    • Resistance on 08/08/2017
    • Support on 07/21/2017
    • Resistance on 07/19/2017
    • Resistance on 07/18/2017
    • Resistance on 07/13/2017
    • Resistance on 02/07/2017
    • Peak on 02/07/2017
    • Resistance on 09/22/2016
    • Support on 09/08/2016
    • Resistance on 08/26/2016
    • Resistance on 05/22/2015
    • Resistance on 05/20/2015
    • Support on 05/18/2015
    • Support on 03/19/2015
    • Resistance on 03/17/2015
    • Resistance on 03/16/2015
    • Resistance on 02/04/2015
    • Resistance on 02/03/2015
    • Support on 11/25/2011
  • Ending of entry zone (0.7485)
    • Support on 07/31/2017
    • Support on 07/28/2017
    • Support on 07/27/2017
    • Resistance on 09/08/2016
    • Resistance on 09/07/2016
    • Peak 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 2, 2017 - 09:44
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 0.6945 on 11/28/2017, so more losses to support(s) 0.6820, 0.6620, 0.6430 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 47.

Take Profits:

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