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Weekly forecast New Zealand Dollar / Swiss Franc technical chart
Symbol NZDCHF

Download MT4 template file

Trade Setup

#NZDCHF
Total Profit: 2840 pip
Closed trade(s): 1604 pip Profit
Open trade(s): 1236 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.6066 (day close price) based on 'Valley' at 2020.10.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Closed Profit:
TP1 @ 0.6115 touched at 2020.11.03 with 49 pip Profit.
TP2 @ 0.6170 touched at 2020.11.09 with 104 pip Profit.
TP3 @ 0.6225 touched at 2020.11.09 with 159 pip Profit.
TP4 @ 0.6290 touched at 2020.11.11 with 224 pip Profit.
TP5 @ 0.6530 touched at 2021.02.19 with 464 pip Profit.
TP6 @ 0.6670 touched at 2021.02.24 with 604 pip Profit.
49 + 104 + 159 + 224 + 464 + 604 = 1604 pip

Open Profit:
Profit for one trade is 0.6478(current price) - 0.6066(open price) = 412 pip
3 trade(s) still open, therefore total profit for open trade(s) is 412 x 3 = 1236 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJune 7, 2021 - 10:53
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • Although current trend is downtrend, but we forecast a uptrend wave would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.64200 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.6570 on 05/27/2021, so more losses to support(s) 0.6470 and minimum to Major Support (0.6420) 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 47.

Supports and Resistances:

  1. 0.7290
  2. 0.6940
  3. 0.6670
  4. 0.6530
  5. 0.6290
  6. 0.6225
  7. 0.6170
  8. 0.6115
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 14 Apr 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 7 Apr 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 31 Mar 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 24 Mar 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDCHF.