website utilities


Follow us:
+1 (646) 48 000 22 (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 Loss: 2720 pip
Closed trade(s): 2720 pip Loss
_______________________________________________
Trade Setup:
We opened 16 BUY trade(s) @ 0.7830 (day close price) based on "Two-Day Reversal Candle" at 2015.01.02 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURGBP...

Total Loss:
SL @ 0.7660 touched at 2015.01.15 with 170 pip Loss.
Loss for one trade is 0.7830(open price) - 0.7660(close price) = 170 pip
Therefore total loss for trades is 170 x 16 = 2720 pip
_______________________________________________

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 18, 2015 - 13:26
Currentdowntrend
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • The current trend is downtrend but the forecast is beginning of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 0.7875 on 01/08/2015, so more losses to support(s) 0.7600, 0.7400, 0.7240 and more depths 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 25.

Supports and Resistances:

  1. 0.7600
  2. 0.7700
  3. 0.7755
  4. 0.7800
  5. 0.7880
  6. 0.7965
  7. 0.8035
  8. 0.8080
  9. 0.8155
  10. 0.8195
  11. 0.8280
  12. 0.8350
  13. 0.8465
  14. 0.8500
  15. 0.8575
  16. 0.8640
  17. 0.8720
  18. 0.8815
  19. 0.8885
  20. 0.9045
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) Sat, 20 Feb 2021
Euro / British Pound (EURGBP) Sat, 13 Feb 2021
Euro / British Pound (EURGBP) Sat, 6 Feb 2021
Euro / British Pound (EURGBP) Sat, 30 Jan 2021
Euro / British Pound (EURGBP) Sat, 23 Jan 2021