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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP
Trade Setup

#EURGBP
Total Profit: -144 pip
Closed trade(s): 0 pip Profit
Open trade(s): -144 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.8406 based on 'Valley' at 2022.04.22 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 0.8390(current price) - 0.8406(open price) = -16 pip
9 trade(s) still open, therefore total profit for open trade(s) is -16 x 9 = -144 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.
DateMay 1, 2022 - 12:33
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.82016, beginning of uptrend is expected.
  • We make sure when the resistance at 0.84775 breaks.
  • If the support at 0.82016 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.82486 on 04/14/2022, so more gains to resistance(s) 0.84126 and maximum to Major Resistance (0.84775) 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 54.

Take Profits:

  1. 0.84775
  2. 0.85670
  3. 0.86328
  4. 0.87156
  5. 0.87890
  6. 0.88600
  7. 0.89400
  8. 0.90000
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / British Pound (EURGBP) 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.