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Weekly forecast New Zealand Dollar / Singapore Dollar technical chart
Symbol NZDSGD

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Trade Setup
#NZDSGD
Total Profit: 646 pip (1%)
Closed trade(s): 652 pip Profit (1%)
Open trade(s): -6 pip Profit (0%)

Trade Setup:
We opened 7 SELL trade(s) @ 0.94203 based on 'shootingstar' entry method at 2021.03.11.

Closed Profit:
TP1 @ 0.93550 touched at 2021.03.24 with 652 pip Profit (1%).

Open Profit:
Profit for one trade is 0.94203(open price) - 0.94203(current price) = -1 pip (0%)
6 trade(s) still open, therefore total profit for open trade(s) is -1 (0%) x 6 = -6 pip (0%)
#NZDSGD
Total Profit: 23106 pip (27%)
Closed trade(s): 19024 pip Profit (22%)
Open trade(s): 4082 pip Profit (5%)

Trade Setup:
We opened 7 BUY trade(s) @ 0.90121 (day close price) based on 'Valley' at 2020.10.09.

Closed Profit:
TP1 @ 0.90550 touched at 2020.10.22 with 429 pip Profit (0%).
TP2 @ 0.91500 touched at 2020.11.06 with 1379 pip Profit (2%).
TP3 @ 0.92400 touched at 2020.11.11 with 2279 pip Profit (3%).
TP4 @ 0.93400 touched at 2020.11.24 with 3279 pip Profit (4%).
TP5 @ 0.94800 touched at 2020.12.17 with 4679 pip Profit (5%).
TP6 @ 0.97100 touched at 2021.02.24 with 6979 pip Profit (8%).
429 (0%) + 1379 (2%) + 2279 (3%) + 3279 (4%) + 4679 (5%) + 6979 (8%) = 19024 pip (22%)

Open Profit:
Profit for one trade is 0.94203(current price) - 0.90121(open price) = 4082 pip (5%)
1 trade(s) still open, therefore total profit for open trade(s) is 4082 (5%) x 1 = 4082 pip (5%)

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateApril 10, 2021 - 20:26
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.98150 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.9466 on 04/05/2021, so more losses to support(s) 0.9355, 0.9250, 0.9175 and more depths 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 43.

Take Profits:

  1. 0.9355
  2. 0.9250
  3. 0.9175
  4. 0.9070
  5. 0.8980
  6. 0.8885
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 14 Apr 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 7 Apr 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 31 Mar 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 24 Mar 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDSGD.