NZDUSD - LongTerm + MidTerm forecast, Technical Analysis

13 Jan

Monthly TimeFrame:

Weekly TimeFrame:


LongTerm forecast (Monthly Timeframe):

Price is in a Downtrend, But 0.5470 is a Major support.

Considering that this support line has not been broken since 2009, there is a high probability that the price will be rejected and a long-term upward trend will be formed.
But this process will also take years.

MidTerm forecast (Daily Timeframe):

0.57992 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach MidTerm targets.

• Beginning of entry zone (0.5540)
  
• Ending of entry zone (0.5470)
  

Take Profits:

1. 0.5664
   
2. 0.5750
   
3. 0.5799
   
4. 0.5863
   
5. 0.5916
   
6. 0.6036
   
7. 0.6118
   
8. 0.6259
   
9. 0.6368
   

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Have a successful week,
ForecastCity Support Team

24 Jan

Trade aktif

Trade Setup:

• We opened 9 BUY trades @ 0.56654 based on 'Valley' entry method at 2025-01-20, signaled by DTO.
  

Open Profit:

• Profit for one BUY trade is 0.57089(current price) - 0.56654(open price) = 44 pip
  
• 9 trade(s) still open, therefore total profit for open trade(s) is 44 x 9 = 396 pip
  

Total Profit: 396 pip

• Closed trade(s): 0 pip Profit
  
• Open trade(s): 396 pip Profit