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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7930 to 0.8115). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7930)
    • Resistance on 05/05/2016
    • Resistance on 05/04/2016
    • Resistance on 04/19/2016
    • Support on 04/14/2016
    • Support on 04/13/2016
    • Resistance on 03/31/2016
    • Resistance on 03/24/2016
    • Resistance on 03/23/2016
    • Peak on 02/29/2016
    • Resistance on 02/26/2016
    • Peak on 02/26/2016
    • Resistance on 02/25/2016
    • Peak on 02/25/2016
    • Resistance on 02/24/2016
    • Peak on 10/20/2014
    • Peak on 07/21/2014
  • Ending of entry zone (0.8115)
    • Peak on 04/11/2016
    • Peak on 04/08/2016
    • Resistance on 04/07/2016
    • Peak on 04/07/2016
    • Support on 01/07/2013
    • Support on 12/21/2012
    • Support on 12/20/2012
    • Support on 12/18/2012
    • Support on 12/17/2012
    • Support on 12/14/2012
    • Resistance on 12/03/2012
    • Resistance on 11/29/2012
    • Resistance on 11/27/2012
    • Resistance on 11/26/2012
    • Resistance on 11/23/2012
    • Support on 10/19/2012
    • Support on 10/18/2012
    • Peak on 09/20/2012
    • Peak on 09/19/2012
    • Peak on 09/18/2012
    • Peak on 09/17/2012
    • Peak on 09/14/2012
    • Resistance on 09/14/2012
    • Resistance on 06/18/2012
    • Support on 05/03/2012
    • Support on 05/02/2012
    • Resistance on 06/29/2010

DateMay 7, 2016 - 20:07
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 0.7945 on 05/05/2016, so more losses to support(s) 0.7880, 0.7830, 0.7740 and more depths 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 53.

Take Profits:

  1. 0.7880
  2. 0.7830
  3. 0.7740
  4. 0.7650
  5. 0.7550
  6. 0.7485
  7. 0.7415
  8. 0.7250
  9. 0.7000
  10. 0.6935
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