website utilities


Follow us:
+1 64 64 8000 31 (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 Profit: 4225 pip
Closed trade(s): 870 pip Profit
Open trade(s): 3355 pip Profit
_______________________________________________
Trade Setup:
We opened 15 SELL trade(s) @ 0.9120 (day close price) based on 'Two-Day Reversal Candle (Shooting Star)' at 2017.09.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.9045 touched at 2017.09.12 with 75 pip Profit.
TP2 @ 0.8930 touched at 2017.09.14 with 190 pip Profit.
TP3 @ 0.8850 touched at 2017.09.15 with 270 pip Profit.
TP4 @ 0.8785 touched at 2017.09.15 with 335 pip Profit.
75 + 190 + 270 + 335 = 870 pip

Open Profit:
Profit for one trade is 0.9120(open price) - 0.8815(current price) = 305 pip
11 trade(s) still open, therefore total profit for open trade(s) is 305 x 11 = 3355 pip
_______________________________________________

#EURGBP
Total Profit: -151 pip
Closed trade(s): 14 pip Profit
Open trade(s): -165 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:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

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) - 0.8815(current price) = -15 pip
11 trade(s) still open, therefore total profit for open trade(s) is -15 x 11 = -165 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.9150 to 0.9305). 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 (0.9150)
    • 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)
    • Peak on 08/29/2017
    • Resistance 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 30, 2017 - 14:56
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.8885 on 09/22/2017, so more losses to support(s) 0.8785, 0.8725, 0.8625 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 39.

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) 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
History
Daily-Trading-Opportunities on EURGBP.