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 British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup
#GBPCHF
Total Profit: 613 pip
Closed trade(s): 613 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.1849 (day close price) based on 'Valleyr' at 2020.07.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.1915 touched at 2020.07.29 with 66 pip Profit.
TP2 @ 1.2025 touched at 2020.08.03 with 176 pip Profit.
TP3 @ 1.2220 touched at 2020.09.01 with 371 pip Profit.
66 + 176 + 371 = 613 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateSeptember 12, 2020 - 20:14
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.16000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.22200 breaks.
  • If the support at 1.16000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 1.2225 on 09/01/2020, so more losses minimum to Major Support (1.1600) 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 30.

Supports and Resistances:

  1. 1.3420
  2. 1.3055
  3. 1.2820
  4. 1.2475
  5. 1.2220
  6. 1.2025
  7. 1.1915
  8. 1.1470
  9. 1.1100
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) Sun, 14 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sun, 7 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sat, 30 Mar 2024
British Pound / Swiss Franc (GBPCHF) Sun, 24 Mar 2024
British Pound / Swiss Franc (GBPCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPCHF.