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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

#EURGBP
Total Profit: -3891 pip
Closed trade(s): 14 pip Profit
Open trade(s): -3905 pip Profit
_______________________________________________
Trade Setup:
We opened 12 SELL trade(s) @ 0.8799 (day close price) based on 'Two-Day Reversal Candle (Shooting Star)' at 2017.06.28 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURGBP...

Closed Profit:
TP1 @ 0.8785 touched at 2017.06.29 with 14 pip Profit.

Open Profit:
Profit for one trade is 0.8799(open price) - 0.9154(current price) = -355 pip
11 trade(s) still open, therefore total profit for open trade(s) is -355 x 11 = -3905 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Sell Zone (0.9150 to 0.9305).

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

  • Beginning of entry zone (0.9150)
    • Support on 09/01/2017
    • Resistance on 08/18/2017
    • Resistance on 10/12/2016
    • Resistance on 09/24/2015
    • Resistance on 03/01/2010
    • Resistance on 12/01/2009
    • Resistance on 11/30/2009
  • Ending of entry zone (0.9305)
    • Resistance on 08/29/2017
    • Peak on 08/29/2017
    • Resistance on 10/07/2016
    • Resistance on 10/11/2009
    • Resistance on 09/28/2009
    • Support on 03/26/2009
    • Support on 03/23/2009
    • Resistance on 03/13/2009

DateSeptember 3, 2017 - 17:00
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 0.9305 on 08/29/2017, so more losses to support(s) 0.9150, 0.9045, 0.8930 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 56.

Take Profits:

  1. 0.9045
  2. 0.8930
  3. 0.8850
  4. 0.8785
  5. 0.8725
  6. 0.8625
  7. 0.8490
  8. 0.8345
  9. 0.8250
  10. 0.8115
  11. 0.7750
  12. 0.7590
  13. 0.7415
  14. 0.6935
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