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Weekly forecast Australian Dollar / New Zealand Dollar technical chart
Symbol AUDNZD
Trade Setup

#AUDNZD
Total Profit: -1310 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1310 pip Profit

Trade Setup:
We opened 10 BUY trades @ 1.07217 based on 'Valley' entry method at 2023-05-12.

Open Profit:
Profit for one BUY trade is 1.0591(current price) - 1.07217(open price) = -131 pip
10 trade(s) still open, therefore total profit for open trade(s) is -131 x 10 = -1310 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.
DateMay 20, 2023 - 19:00
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.04690, beginning of uptrend is expected.
  • We make sure when the resistance at 1.11118 breaks.
  • If the support at 1.04690 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.07630 on 05/15/2023, so more losses to support(s) 1.05884, 1.05201 and minimum to Major Support (1.04690) 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 37.

Take Profits:

  1. 1.07909
  2. 1.08546
  3. 1.09190
  4. 1.10090
  5. 1.11118
  6. 1.12550
  7. 1.13635
  8. 1.14891
  9. 1.40000
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / New Zealand Dollar (AUDNZD) new Sun, 14 Apr 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 7 Apr 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sat, 30 Mar 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 24 Mar 2024
Australian Dollar / New Zealand Dollar (AUDNZD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDNZD.