website utilities


Follow us:
+1 (646) 48 000 22 (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 Euro / British Pound technical chart
Symbol EURGBP

Download MT4 template file

Trade Setup
#EURGBP
Total Profit: 1079 pip
Closed trade(s): 651 pip Profit
Open trade(s): 428 pip Profit

Trade Setup:
We opened 4 SELL trade(s) @ 0.8842 based on 'Peak' at 2019.10.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.8755 touched at 2019.10.11 with 87 pip Profit.
TP2 @ 0.8630 touched at 2019.10.15 with 212 pip Profit.
TP3 @ 0.8490 touched at 2019.12.04 with 352 pip Profit.
87 + 212 + 352 = 651 pip

Open Profit:
Profit for one trade is 0.8842(open price) - 0.8414(current price) = 428 pip
1 trade(s) still open, therefore total profit for open trade(s) is 428 x 1 = 428 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.
  • If the Midterm level 0.8490 is broken, we will close open trades.
  • Price may also reach 0.8490, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateDecember 7, 2019 - 17:35
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 0.8490 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 0.8490 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 0.8575 on 12/02/2019, so more losses to support(s) 0.8400, 0.8120, 0.7840 and more depths 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 29.

Take Profits:

  1. 0.8755
  2. 0.8630
  3. 0.8490
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) Sat, 19 Sep 2020
Euro / British Pound (EURGBP) Sat, 12 Sep 2020
Euro / British Pound (EURGBP) Sat, 5 Sep 2020
Euro / British Pound (EURGBP) Sat, 29 Aug 2020
Euro / British Pound (EURGBP) free Sat, 22 Aug 2020