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

Download MT4 template file

Trade Setup
#NZDUSD
Total Profit: 434 pip
Closed trade(s): 84 pip Profit
Open trade(s): 350 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.6691 based on 'Hammer' at 2019.01.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.6775 touched at 2019.01.09 with 84 pip Profit.

Open Profit:
Profit for one trade is 0.6741(current price) - 0.6691(open price) = 50 pip
7 trade(s) still open, therefore total profit for open trade(s) is 50 x 7 = 350 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJanuary 19, 2019 - 16:54
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.64300 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.6848 on 01/15/2019, so more losses to support(s) 0.6705, 0.6610, 0.6545 and minimum to Major Support (0.6430) 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 46.

Take Profits:

  1. 0.6775
  2. 0.6850
  3. 0.6970
  4. 0.7025
  5. 0.7175
  6. 0.7435
  7. 0.7560
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.