Weekly NZDUSD Technical Analysis and Forecast - Forex

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Weekly forecast New Zealand Dollar / US Dollar technical chart

Symbol

NZDUSD

Download MT4 template file

Trade Setup

#NZDUSD
Total Profit: 2970 pip
Closed trade(s): 1052 pip Profit
Open trade(s): 1918 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) - 0.6989(current price) = 274 pip
7 trade(s) still open, therefore total profit for open trade(s) is 274 x 7 = 1918 pip
_______________________________________________

Trading suggestion:

We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date December 16, 2017 - 19:55

Current range bound

Forecast resumption of downtrend

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.70520 would begin in Midterm.

Technical analysis:

A trough is formed in daily chart at 0.6815 on 12/01/2017, so more gains to resistance(s) 0.7055, 0.7175 and maximum to Trend Hunter Sell Zone (0.7375 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 59.

Take Profits:

0.7175
- Resistance on 10/19/2017
- Resistance on 10/18/2017
- Resistance on 10/17/2017
- Resistance on 10/16/2017
- Resistance on 10/13/2017
- Support on 10/02/2017
- Support on 09/28/2017
- Support on 09/27/2017
- Support on 09/26/2017
- Support on 09/14/2017
- Support on 09/07/2017
- Support on 08/31/2017
- Support on 02/28/2017
- Support on 02/23/2017
- Support on 02/20/2017
- Support on 02/17/2017
- Support on 02/13/2017
- Support on 02/10/2017
- Support on 02/09/2017
- Resistance on 12/09/2016
- Resistance on 12/08/2016
- Resistance on 12/07/2016
- Resistance on 11/30/2016
- Support on 11/10/2016
- Resistance on 10/31/2016
- Resistance on 10/28/2016
- Resistance on 10/27/2016
- Resistance on 10/26/2016
- Resistance on 10/25/2016
- Support on 10/20/2016
- Support on 08/15/2016
- Resistance on 08/09/2016
- Resistance on 08/05/2016
- Resistance on 08/04/2016
- Support on 07/14/2016
- Resistance on 07/01/2016
- Resistance on 06/22/2016
- Resistance on 06/21/2016
- Resistance on 06/09/2015
- Resistance on 06/04/2015
- Resistance on 05/29/2015
- Support on 05/28/2015
- Trough on 02/05/2015
- Trough on 02/04/2015
- Support on 02/03/2015
- Trough on 02/03/2015
- Support on 03/18/2011
- Support on 03/17/2011
- Support on 03/16/2011
- Support on 09/08/2010
- Support on 09/07/2010
- Support on 09/06/2010
- Support on 09/05/2010
- Resistance on 09/02/2010
- Resistance on 08/18/2010
- Resistance on 08/13/2010
- Support on 08/10/2010
- Resistance on 07/21/2010
- Resistance on 07/20/2010
- Support on 07/15/2010
- Support on 07/14/2010
- Resistance on 05/13/2010
- Resistance on 05/12/2010
- Support on 05/10/2010
- Support on 05/09/2010
- Resistance on 05/07/2010
- Resistance on 05/06/2010
- Support on 05/05/2010
- Support on 04/29/2010
- Resistance on 04/25/2010
- Resistance on 04/23/2010
- Resistance on 04/09/2010
- Resistance on 03/18/2010
- Resistance on 03/17/2010
- Resistance on 01/26/2010
- Support on 01/20/2010
- Resistance on 12/29/2009
- Support on 12/16/2009
- Support on 12/10/2009
- Resistance on 12/08/2009
- Support on 11/05/2009
- Support on 11/04/2009
- Support on 11/03/2009
- Support on 10/30/2009
- Support on 10/29/2009
- Resistance on 10/02/2009
- Resistance on 09/29/2009
- Resistance on 09/28/2009
- Resistance on 09/25/2009
- Resistance on 09/13/2007
- Resistance on 08/28/2007
- Resistance on 08/23/2007
0.7055
- Trough on 10/10/2017
- Support on 10/10/2017
- Support on 10/09/2017
- Support on 10/06/2017
- Support on 06/02/2017
- Support on 06/01/2017
- Trough on 06/01/2017
- Resistance on 05/29/2017
- Resistance on 05/25/2017
- Resistance on 05/24/2017
- Resistance on 04/24/2017
- Resistance on 04/20/2017
- Resistance on 04/19/2017
- Resistance on 03/28/2017
- Resistance on 03/27/2017
- Resistance on 03/23/2017
- Resistance on 03/22/2017
- Resistance on 03/21/2017
- Resistance on 03/20/2017
- Resistance on 03/15/2017
- Support on 03/02/2017
- Resistance on 01/11/2017
- Resistance on 01/10/2017
- Resistance on 12/16/2016
- Support on 12/01/2016
- Resistance on 11/25/2016
- Support on 11/22/2016
- Support on 11/16/2016
- Support on 10/13/2016
- Support on 10/11/2016
- Resistance on 07/26/2016
- Resistance on 06/28/2016
- Support on 06/24/2016
- Support on 06/20/2016
- Resistance on 06/17/2016
- Resistance on 06/16/2016
- Resistance on 06/15/2016
- Peak on 05/04/2016
- Peak on 05/03/2016
- Resistance on 05/03/2016
- Peak on 04/21/2016
- Peak on 04/20/2016
- Resistance on 04/20/2016
- Peak on 04/19/2016
- Resistance on 04/19/2016
- Trough on 04/20/2010
- Trough on 04/19/2010
0.6950
- Resistance on 12/12/2017
- Resistance on 11/28/2017
- Resistance on 11/10/2017
- Resistance on 11/07/2017
- Resistance on 11/06/2017
- Resistance on 11/03/2017
- Support on 10/20/2017
- Resistance on 05/18/2017
- Resistance on 05/17/2017
- Resistance on 05/11/2017
- Peak on 05/10/2017
- Resistance on 05/10/2017
- Resistance on 05/08/2017
- Resistance on 05/03/2017
- Support on 04/25/2017
- Support on 04/12/2017
- Support on 04/11/2017
- Support on 04/05/2017
- Support on 03/07/2017
- Support on 01/10/2017
- Support on 01/09/2017
- Support on 01/06/2017
- Support on 01/05/2017
- Resistance on 01/03/2017
- Resistance on 01/02/2017
- Support on 12/16/2016
- Support on 07/25/2016
- Trough on 07/22/2016
- Support on 07/21/2016
- Trough on 07/21/2016
- Resistance on 06/06/2016
- Resistance on 05/04/2016
- Resistance on 04/18/2016
- Peak on 04/15/2016
- Peak on 04/14/2016
- Resistance on 04/13/2016
- Peak on 04/13/2016
- Resistance on 03/31/2016
- Resistance on 03/30/2016
- Support on 06/17/2015
- Support on 06/15/2015
- Support on 06/12/2015
- Trough on 08/26/2010
- Support on 08/25/2010
- Trough on 08/25/2010
- Peak on 09/23/2008
- Peak on 09/22/2008
0.6820
- Support on 12/08/2017
- Support on 12/07/2017
- Support on 12/01/2017
- Support on 11/22/2017
- Support on 10/27/2017
- Support on 05/12/2017
- Support on 05/11/2017
- Resistance on 06/02/2016
- Resistance on 06/01/2016
- Resistance on 05/18/2016
- Resistance on 05/17/2016
- Resistance on 05/13/2016
- Resistance on 05/12/2016
- Resistance on 05/11/2016
- Support on 05/06/2016
- Support on 04/27/2016
- Support on 04/14/2016
- Resistance on 04/08/2016
- Resistance on 04/07/2016
- Support on 04/04/2016
- Peak on 03/08/2016
- Peak on 03/07/2016
- Resistance on 03/07/2016
- Peak on 03/04/2016
- Resistance on 03/04/2016
- Support on 12/30/2015
- Support on 12/28/2015
- Resistance on 12/23/2015
- Resistance on 12/22/2015
- Resistance on 12/16/2015
- Resistance on 12/15/2015
- Resistance on 10/27/2015
- Resistance on 10/23/2015
- Resistance on 10/22/2015
- Resistance on 10/20/2015
- Resistance on 10/19/2015
- Resistance on 10/14/2015
- Support on 06/29/2015
- Support on 06/26/2015
- Support on 06/23/2015
- Support on 07/06/2010
- Support on 07/01/2010
- Support on 06/11/2010
- Resistance on 06/02/2010
- Resistance on 06/01/2010
- Resistance on 05/31/2010
- Resistance on 05/21/2010
- Resistance on 05/20/2010
- Support on 02/09/2010
- Support on 02/08/2010
- Support on 02/05/2010
- Resistance on 09/03/2009
- Support on 08/31/2009
- Support on 08/24/2009
- Resistance on 08/21/2009
- Resistance on 08/14/2009
- Resistance on 08/13/2009
- Resistance on 08/07/2009
- Support on 09/03/2008
- Support on 09/02/2008
- Support on 08/13/2008
0.6620
- Trough on 03/13/2016
- Trough on 03/11/2016
- Support on 03/10/2016
- Trough on 03/10/2016
- Support on 03/02/2016
- Resistance on 02/29/2016
- Support on 02/26/2016
- Support on 02/24/2016
- Support on 02/22/2016
- Support on 02/19/2016
- Support on 02/18/2016
- Support on 02/12/2016
- Support on 02/11/2016
- Support on 02/10/2016
- Support on 02/09/2016
- Support on 02/05/2016
- Support on 01/07/2016
- Support on 01/06/2016
- Support on 12/09/2015
- Support on 12/08/2015
- Support on 12/07/2015
- Support on 12/03/2015
- Support on 12/02/2015
- Resistance on 11/06/2015
- Resistance on 11/05/2015
- Trough on 10/30/2015
- Trough on 10/29/2015
- Support on 10/28/2015
- Trough on 10/28/2015
- Trough on 10/15/2015
- Support on 10/14/2015
- Trough on 10/14/2015
- Trough on 10/13/2015
- Support on 10/13/2015
- Resistance on 10/07/2015
- Support on 08/21/2015
- Resistance on 08/19/2015
- Resistance on 08/13/2015
- Resistance on 08/12/2015
- Resistance on 08/11/2015
- Resistance on 08/10/2015
- Resistance on 08/04/2015
- Resistance on 08/03/2015
- Resistance on 07/31/2015
- Resistance on 07/27/2015
- Resistance on 07/24/2015
- Resistance on 07/23/2015
- Trough on 07/09/2015
- Trough on 07/08/2015
- Support on 07/08/2015
- Trough on 07/07/2015
- Support on 07/07/2015
0.6430
- Support on 01/28/2016
- Support on 01/27/2016
- Support on 01/26/2016
- Support on 01/15/2016
- Support on 01/14/2016
- Trough on 11/20/2015
- Trough on 11/19/2015
- Trough on 11/18/2015
- Support on 11/18/2015
- Support on 10/05/2015
- Resistance on 10/01/2015
- Resistance on 09/18/2015
- Resistance on 09/17/2015
- Resistance on 09/09/2015
- Support on 08/28/2015
- Support on 08/27/2015
- Support on 08/26/2015
- Support on 08/25/2015
- Support on 08/24/2015
0.6245
- Support on 09/23/2015
- Support on 09/10/2015
- Trough on 09/09/2015
- Trough on 09/08/2015
- Trough on 09/07/2015
- Support on 09/07/2015
- Support on 08/24/2015
0.5930
- Support on 05/19/2009
- Resistance on 05/07/2009
- Peak on 04/14/2009
- Resistance on 04/14/2009
- Peak on 04/13/2009
- Resistance on 04/13/2009
- Resistance on 04/06/2009
- Resistance on 01/05/2009
- Resistance on 12/18/2008
- Resistance on 12/17/2008
- Support on 11/05/2008
- Resistance on 11/03/2008
- Resistance on 10/31/2008
- Resistance on 10/30/2008
- Resistance on 10/29/2008
- Support on 10/16/2008
- Support on 10/13/2008
- Support on 10/10/2008
- Support on 10/09/2008
- Support on 10/08/2008
- Support on 06/29/2006
- Support on 06/28/2006
0.5485
- Trough on 04/21/2009
- Trough on 04/20/2009
- Support on 04/20/2009
0.4900
- Support on 03/10/2009
- Trough on 03/05/2009
- Trough on 03/04/2009
- Support on 03/04/2009

Click on the level to view price action history.

Symbol	Released	Current	Forecast
New Zealand Dollar / US Dollar (NZDUSD)^new	Sun, 21 Apr 2024
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

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