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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: 1951 pip
Closed trade(s): 559 pip Profit
Open trade(s): 1392 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6529 based on 'Valley' at 2019.06.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.6580 touched at 2019.06.20 with 51 pip Profit.
TP2 @ 0.6635 touched at 2019.06.25 with 106 pip Profit.
TP3 @ 0.6685 touched at 2019.06.26 with 156 pip Profit.
TP4 @ 0.6775 touched at 2019.07.18 with 246 pip Profit.
51 + 106 + 156 + 246 = 559 pip

Open Profit:
Profit for one trade is 0.6761(current price) - 0.6529(open price) = 232 pip
6 trade(s) still open, therefore total profit for open trade(s) is 232 x 6 = 1392 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 0.6580 is broken, we will close open trades.

DateSat, 07/20/2019 - 15:33
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.6580, beginning of uptrend is expected.
  • We make sure when the resistance at 0.6800 breaks.
  • If the support at 0.6580 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.6580 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.6565 on 07/10/2019, so more gains to resistance(s) 0.6775 and maximum to Major Resistance (0.6800) 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 64.

Take Profits:

  1. 0.6580
  2. 0.6635
  3. 0.6685
  4. 0.6775
  5. 0.6850
  6. 0.6940
  7. 0.7175
  8. 0.7435
  9. 0.7560
Click on the level to view price action history.