website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / US Dollar technical chart
Symbol NZDUSD

Download MT4 template file

Trade Setup
#NZDUSD
Total Profit: 462 pip
Closed trade(s): 462 pip Profit
Open trade(s): 0 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 @ 0.6745 touched at 2019.01.04 with 54 pip Profit.
TP2 @ 0.6850 touched at 2019.01.25 with 159 pip Profit.
TP3 @ 0.6940 touched at 2019.02.01 with 249 pip Profit.
54 + 159 + 249 = 462 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6670 to 0.6610). 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 (0.6670)
    • Support on 08/27/2018
    • Resistance on 09/24/2018
    • Resistance on 09/26/2018
    • Resistance on 09/27/2018
    • Resistance on 11/02/2018
    • Resistance on 11/05/2018
    • Support on 01/04/2019
    • Support on 04/17/2019
    • Support on 04/18/2019
  • Ending of entry zone (0.6610)
    • Resistance on 08/14/2018
    • Resistance on 08/16/2018
    • Support on 08/31/2018
    • Resistance on 09/04/2018
    • Resistance on 09/06/2018
    • Resistance on 09/18/2018
    • Support on 09/20/2018
    • Support on 09/27/2018
    • Support on 09/28/2018
    • Resistance on 10/19/2018
    • Peak on 10/22/2018
    • Resistance on 10/22/2018
    • Support on 01/03/2019
DateApril 20, 2019 - 12:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.66100, beginning of uptrend is expected.
  • We make sure when the resistance at 0.69400 breaks.
  • If the support at 0.66100 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 34 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.6940 on 03/21/2019, so more losses to support(s) 0.6670 and minimum to Major Support (0.6610) 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 36.

Take Profits:

  1. 0.6745
  2. 0.6850
  3. 0.6940
  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) 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
History
Daily-Trading-Opportunities on NZDUSD.