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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.6525 to 1.6295). 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 (1.6525)
  • Ending of entry zone (1.6295)

DateSeptember 12, 2021 - 10:52
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.62950, resumption of uptrend is expected.
  • We make sure when the resistance at 1.71600 breaks.
  • If the support at 1.62950 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.6565 on 09/06/2021, so more gains to resistance(s) 1.6650, 1.6775, 1.6990 and maximum to Major Resistance (1.7160) 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. 1.6650
  2. 1.6775
  3. 1.6990
  4. 1.7160
  5. 1.7340
  6. 1.7645
  7. 1.7930
  8. 1.8220
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) Sun, 24 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 17 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 10 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 3 Mar 2024
Euro / New Zealand Dollar (EURNZD) Thu, 29 Feb 2024