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: 131 pip
Closed trade(s): 31 pip Profit
Open trade(s): 100 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.8639 based on 'Downtrend Break Up' entry method at 2021.04.07.

Closed Profit:
TP1 @ 0.8670 touched at 2021.04.08 with 31 pip Profit.

Open Profit:
Profit for one trade is 0.8659(current price) - 0.8639(open price) = 20 pip
5 trade(s) still open, therefore total profit for open trade(s) is 20 x 5 = 100 pip

#EURGBP
Total Profit: 386 pip
Closed trade(s): 31 pip Profit
Open trade(s): 355 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.8639 based on 'Downtrend Break Up' entry method at 2021.04.07.

Closed Profit:
TP1 @ 0.8670 touched at 2021.04.08 with 31 pip Profit.

Open Profit:
Profit for one trade is 0.8710(current price) - 0.8639(open price) = 71 pip
5 trade(s) still open, therefore total profit for open trade(s) is 71 x 5 = 355 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.

DateApril 17, 2021 - 14:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.84700 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.85385 on 2021-02-24 and the trough at 0.84715 on 2021-04-05, the probability of downtrend continuation is decreased and the probability of continuation of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.8470 on 04/05/2021, so more gains to resistance(s) 0.8670, 0.8785, 0.8860 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 56.

Take Profits:

  1. 0.8670
  2. 0.8785
  3. 0.8860
  4. 0.8940
  5. 0.9175
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
Euro / British Pound (EURGBP) 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