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

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6765 to 0.6700). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.6765)
    • Support on 07/27/2018
    • Resistance on 11/09/2018
    • Resistance on 11/13/2018
    • Support on 11/23/2018
    • Support on 11/27/2018
  • Ending of entry zone (0.6700)
    • Support on 07/02/2018
    • Support on 07/03/2018
    • Resistance on 08/21/2018
    • Resistance on 08/22/2018
    • Resistance on 08/23/2018
    • Resistance on 08/24/2018
    • Resistance on 08/27/2018
    • Peak on 09/21/2018
    • Resistance on 09/21/2018
    • Resistance on 09/26/2018
    • Support on 11/12/2018
    • Support on 11/13/2018
DateDecember 10, 2018 - 07:32
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.64300 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.6883 on 2018-11-16 and the trough at 0.6969 on 2018-12-04, the probability of downtrend continuation is decreased and the probability of continuation of uptrend is increased.
  • While the RSI support #1 at 55 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.6970 on 12/04/2018, so more losses to support(s) 0.6800, 0.6765, 0.6700 and minimum to Major Support (0.6430) 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 61.

Take Profits:

  1. 0.6800
  2. 0.6910
  3. 0.7025
  4. 0.7175
  5. 0.7435
  6. 0.7560
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / US Dollar (NZDUSD) new Sun, 14 Apr 2024
New Zealand Dollar / US Dollar (NZDUSD) new 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.