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: 1083 pip
Closed trade(s): 253 pip Profit
Open trade(s): 830 pip Profit
_______________________________________________
Trade Setup:
We opened 12 SELL trade(s) @ 0.7334 (day close price) based on 'Peak' at 2018.01.24 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.7240 touched at 2018.02.07 with 94 pip Profit.
TP2 @ 0.7175 touched at 2018.02.08 with 159 pip Profit.
94 + 159 = 253 pip

Open Profit:
Profit for one trade is 0.7334(open price) - 0.7251(current price) = 83 pip
10 trade(s) still open, therefore total profit for open trade(s) is 83 x 10 = 830 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 February 10, 2018 - 15:57

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 resumption of downtrend.

Technical analysis:

A peak is formed in daily chart at 0.7350 on 02/06/2018, so more losses to support(s) 0.7240, 0.7175, 0.7055 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 50.

Take Profits:

0.7240
- Support on 01/18/2018
- Support on 01/17/2018
- Resistance on 09/29/2017
- Resistance on 09/28/2017
- Support on 09/18/2017
- Support on 09/12/2017
- Resistance on 09/07/2017
- Resistance on 09/06/2017
- Resistance on 09/05/2017
- Support on 08/29/2017
- Support on 07/13/2017
- Support on 07/06/2017
- Resistance on 06/21/2017
- Resistance on 06/20/2017
- Resistance on 02/28/2017
- Resistance on 02/24/2017
- Resistance on 02/23/2017
- Resistance on 02/16/2017
- Peak on 02/16/2017
- Support on 02/08/2017
- Support on 02/03/2017
- Support on 02/02/2017
- Support on 02/01/2017
- Support on 01/30/2017
- Support on 01/27/2017
- Support on 01/26/2017
- Support on 01/25/2017
- Resistance on 01/23/2017
- Resistance on 12/14/2016
- Resistance on 12/13/2016
- Resistance on 10/20/2016
- Resistance on 10/19/2016
- Support on 09/30/2016
- Support on 09/29/2016
- Support on 09/28/2016
- Support on 09/26/2016
- Support on 09/23/2016
- Support on 09/15/2016
- Support on 09/14/2016
- Support on 09/13/2016
- Support on 09/01/2016
- Support on 08/22/2016
- Support on 08/19/2016
- Support on 08/18/2016
- Support on 08/17/2016
- Resistance on 08/12/2016
- Resistance on 08/11/2016
- Resistance on 08/10/2016
- Resistance on 07/07/2016
- Resistance on 07/05/2016
- Resistance on 07/04/2016
- Peak on 07/04/2016
- Resistance on 06/24/2016
0.7175
- Support on 02/08/2018
- Resistance on 01/09/2018
- Resistance on 01/08/2018
- Resistance on 01/05/2018
- 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
- Trough on 02/03/2015
- Support 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
- Support on 12/28/2017
- 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
- Resistance on 04/20/2016
- Peak on 04/20/2016
- Resistance on 04/19/2016
- Peak on 04/19/2016
- Trough on 04/20/2010
- Trough on 04/19/2010
0.6950
- Support on 12/20/2017
- 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
- Support on 11/18/2015
- Trough 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)	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

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101