website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / Japanese Yen technical chart
Symbol NZDJPY

Download MT4 template file

Trade Setup
#NZDJPY
Total Profit: -711 pip
Closed trade(s): 91 pip Profit
Open trade(s): -802 pip Profit

Trade Setup:
We opened 2 SELL trade(s) @ 69.76 based on 'Sell on Uptrend Break Down' entry method at 2020.09.21.

Closed Profit:
TP1 @ 68.85 touched at 2020.09.24 with 91 pip Profit.

Open Profit:
Profit for one trade is 69.76(open price) - 77.78(current price) = -802 pip
1 trade(s) still open, therefore total profit for open trade(s) is -802 x 1 = -802 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.

DateApril 4, 2021 - 12:09
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 79.150, beginning of downtrend is expected.
  • We make sure when the support at 74.000 breaks.
  • If the resistance at 79.150 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 79.145 on 2021-02-24 and the trough at 79.125 on 2021-03-19, and the probability of beginning of downtrend is decreased.
  • A trough is formed in daily chart at 75.60 on 03/24/2021, so more gains to resistance(s) 77.90 and maximum to Major Resistance (79.15) 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 57.

Take Profits:

  1. 77.10
  2. 75.60
  3. 74.00
  4. 72.80
  5. 71.50
  6. 70.45
  7. 68.85
Click on the level to view price action history.