Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

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: -816 pip
Closed trade(s): 0 pip Profit
Open trade(s): -816 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.8507 (day close price) based on 'Valley' at 2020.02.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 0.8371(current price) - 0.8507(open price) = -136 pip
6 trade(s) still open, therefore total profit for open trade(s) is -136 x 6 = -816 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 02/22/2020 - 19:45
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.8275, beginning of uptrend is expected.
  • We make sure when the resistance at 0.8590 breaks.
  • If the support at 0.8275 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.8280 on 02/18/2020, so more gains to resistance(s) 0.8385, 0.8490 and maximum to Major Resistance (0.8590) 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 44.

Take Profits:

  1. 0.8590
  2. 0.8675
  3. 0.8800
  4. 0.9000
  5. 0.9325
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) new Sat, 30 May 2020
Euro / British Pound (EURGBP) free Sat, 23 May 2020
Euro / British Pound (EURGBP) Sat, 16 May 2020
Euro / British Pound (EURGBP) Sat, 9 May 2020
Euro / British Pound (EURGBP) Sat, 2 May 2020