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 Euro / British Pound technical chart
Symbol EURGBP

Download MT4 template file

Trade Setup
#EURGBP
Total Profit: 984 pip
Closed trade(s): 318 pip Profit
Open trade(s): 666 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 0.8771 (day close price) based on 'Valley' at 2020.05.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.8860 touched at 2020.05.13 with 89 pip Profit.
TP2 @ 0.9000 touched at 2020.05.29 with 229 pip Profit.
89 + 229 = 318 pip

Open Profit:
Profit for one trade is 0.8993(current price) - 0.8771(open price) = 222 pip
3 trade(s) still open, therefore total profit for open trade(s) is 222 x 3 = 666 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.
  • If the Midterm level 0.88600 is broken, we will close open trades.

DateMay 30, 2020 - 22:44
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.90850, beginning of downtrend is expected.
  • We make sure when the support at 0.88600 breaks.
  • If the resistance at 0.90850 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.88600 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.8880 on 05/26/2020, so more gains to resistance(s) 0.9000 and maximum to Major Resistance (0.9085) 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 64.

Take Profits:

  1. 0.8860
  2. 0.9000
  3. 0.9325
  4. 0.9500
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) new Sun, 17 Mar 2024
Euro / British Pound (EURGBP) Sat, 9 Mar 2024
Euro / British Pound (EURGBP) Sat, 2 Mar 2024
Euro / British Pound (EURGBP) Sun, 25 Feb 2024
Euro / British Pound (EURGBP) Sun, 18 Feb 2024