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

#EURGBP
Total Profit: 2085 pip
Closed trade(s): 770 pip Profit
Open trade(s): 1315 pip Profit

Trade Setup:
We opened 9 BUY trades @ 0.84063 based on 'Valley' entry method at 2022-04-22, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 0.84775 touched at 2022-05-05 with 72 pip Profit.
TP2 @ 0.85670 touched at 2022-05-06 with 161 pip Profit.
TP3 @ 0.86328 touched at 2022-06-14 with 227 pip Profit.
TP4 @ 0.87156 touched at 2022-06-15 with 310 pip Profit.
72 + 161 + 227 + 310 = 770 pip

Open Profit:
Profit for one BUY trade is 0.8669(current price) - 0.84063(open price) = 263 pip
5 trade(s) still open, therefore total profit for open trade(s) is 263 x 5 = 1315 pip

#EURGBP
Total Profit: 1309 pip
Closed trade(s): 223 pip Profit
Open trade(s): 1086 pip Profit

Trade Setup:
We opened 8 BUY trades @ 0.84878 based on 'Valley' entry method at 2022-08-26.

Closed Profit:
TP1 @ 0.85664 touched at 2022-08-30 with 78 pip Profit.
TP2 @ 0.86328 touched at 2022-08-31 with 145 pip Profit.
78 + 145 = 223 pip

Open Profit:
Profit for one BUY trade is 0.8669(current price) - 0.84878(open price) = 181 pip
6 trade(s) still open, therefore total profit for open trade(s) is 181 x 6 = 1086 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.

DateSeptember 11, 2022 - 04:55
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.83447, resumption of uptrend is expected.
  • We make sure when the resistance at 0.87156 breaks.
  • If the support at 0.83447 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.85660 on 09/06/2022, so more gains maximum to Major Resistance (0.87156) 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 65.

Take Profits:

  1. 0.85664
  2. 0.86328
  3. 0.87156
  4. 0.87890
  5. 0.88600
  6. 0.89400
  7. 0.90000
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