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Weekly forecast British Pound / New Zealand Dollar technical chart
Symbol GBPNZD
Trade Setup

#GBPNZD
Total Profit: 5832 pip
Closed trade(s): 1440 pip Profit
Open trade(s): 4392 pip Profit

Trade Setup:
We opened 12 SELL trades @ 2.33625 based on 'Shooting Star' entry method at 2026-01-14, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 2.32650 touched at 2026-01-16 with 98 pip Profit.
TP2 @ 2.31000 touched at 2026-01-20 with 263 pip Profit.
TP3 @ 2.29605 touched at 2026-01-21 with 402 pip Profit.
TP4 @ 2.26855 touched at 2026-01-30 with 677 pip Profit.
98 + 263 + 402 + 677 = 1440 pip

Open Profit:
Profit for one SELL trade is 2.33625(open price) - 2.28144(current price) = 549 pip
8 trade(s) still open, therefore total profit for open trade(s) is 549 x 8 = 4392 pip

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.

DateMay 16, 2026 - 08:58
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 2.35495, beginning of downtrend is expected.
  • We make sure when the support at 2.23970 breaks.
  • If the resistance at 2.35495 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 2.31430 on 04/29/2026, so more losses to support(s) 2.26283 and minimum to Major Support (2.23970) 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 46.

Take Profits:

  1. 2.32650
  2. 2.31423
  3. 2.28170
  4. 2.26283
  5. 2.22920
  6. 2.21360
  7. 2.19055
  8. 2.16760
  9. 2.13595
  10. 2.11991
  11. 2.09770
Click on the level to view price action history.