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Trend Hunter performance since 2015 for this symbol

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Weekly forecast New Zealand Dollar vs. US Dollar technical chart
Symbol NZDUSD

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Trade Setup
#NZDUSD
Total Profit: 657 pip
Closed trade(s): 243 pip Profit
Open trade(s): 414 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.
TP2 @ 0.6850 touched at 2019.01.28 with 159 pip Profit.
84 + 159 = 243 pip

Open Profit:
Profit for one trade is 0.6760(current price) - 0.6691(open price) = 69 pip
6 trade(s) still open, therefore total profit for open trade(s) is 69 x 6 = 414 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.
  • If the Midterm level 0.6705 is broken, we will close open trades.

DateSun, 04/14/2019 - 12:47
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.6705, beginning of uptrend is expected.
  • We make sure when the resistance at 0.6970 breaks.
  • If the support at 0.6705 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.6705 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 39 and it prevented price from more losses.
  • A peak is formed in daily chart at 0.6940 on 03/21/2019, so more losses minimum to Major Support (0.6705) 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 45.

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.