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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup
#EURGBP
Total Profit: 943 pip
Closed trade(s): 943 pip Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 0.8842(open price) - 0.8550(current price) = 292 pip
1 trade(s) closed at market price as the major resistance is broken, therefore total profit will increase by 292 x 1 = 292 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateDecember 22, 2019 - 13:55
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A trough is formed in daily chart at 0.8275 on 12/13/2019, so more gains to resistance(s) 0.8630, 0.8685, 0.8755 and more heights 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 52.

Supports and Resistances:

  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) new Sun, 14 Apr 2024
Euro / British Pound (EURGBP) Sat, 6 Apr 2024
Euro / British Pound (EURGBP) Sat, 30 Mar 2024
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
Euro / British Pound (EURGBP) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURGBP.