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

#EURGBP
Total Profit: 2398 pip
Closed trade(s): 2088 pip Profit
Open trade(s): 310 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.
TP3 @ 0.87156 touched at 2022-09-12 with 228 pip Profit.
TP4 @ 0.87890 touched at 2022-09-23 with 301 pip Profit.
TP5 @ 0.88600 touched at 2022-09-23 with 372 pip Profit.
TP6 @ 0.89400 touched at 2022-09-26 with 452 pip Profit.
TP7 @ 0.90000 touched at 2022-09-26 with 512 pip Profit.
78 + 145 + 228 + 301 + 372 + 452 + 512 = 2088 pip

Open Profit:
Profit for one BUY trade is 0.87978(current price) - 0.84878(open price) = 310 pip
1 trade(s) still open, therefore total profit for open trade(s) is 310 x 1 = 310 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 0.85646 is broken, we will close open trades.

DateMarch 26, 2023 - 13:14
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.85646, resumption of uptrend is expected.
  • We make sure when the resistance at 0.90700 breaks.
  • If the support at 0.85646 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.85646 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.88650 on 03/23/2023, so more losses to support(s) 0.87890, 0.87278, 0.86328 and minimum to Major Support (0.85646) 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 47.

Take Profits:

  1. 0.85646
  2. 0.86328
  3. 0.87278
  4. 0.87890
  5. 0.88660
  6. 0.89400
  7. 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