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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

Download MT4 template file

Trade Setup

#EURGBP
Total Profit: 4613 pip
Closed trade(s): 4613 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 15 SELL trade(s) @ 0.9117 (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 72 pip Profit.
TP2 @ 0.8930 touched at 2017.09.14 with 187 pip Profit.
TP3 @ 0.8850 touched at 2017.09.15 with 267 pip Profit.
TP4 @ 0.8785 touched at 2017.09.15 with 332 pip Profit.
TP5 @ 0.8725 touched at 2017.12.08 with 392 pip Profit.
TP6 @ 0.8625 touched at 2018.04.17 with 492 pip Profit.
72 + 187 + 267 + 332 + 392 + 492 = 1742 pip

Closed Profit:
Profit for one trade is 0.9117(open price) - 0.8798(current price) = 319 pip
9 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 319 x 9 = 2871 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.8690 to 0.8620). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.8690)
    • Support on 04/26/2018
    • Support on 04/19/2018
    • Support on 04/10/2018
    • Support on 03/22/2018
    • Support on 01/25/2018
    • Support on 12/08/2017
    • Peak on 03/14/2013
    • Peak on 02/05/2013
    • Peak on 07/23/2009
    • Peak on 07/22/2009
  • Ending of entry zone (0.8620)
    • Trough on 04/17/2018
    • Support on 04/17/2018
    • Resistance on 05/18/2017
    • Resistance on 05/17/2017
    • Support on 03/29/2017
    • Support on 03/28/2017
    • Support on 03/27/2017
    • Resistance on 02/07/2017
    • Resistance on 02/02/2017
    • Resistance on 01/31/2017
    • Support on 01/20/2017
    • Support on 01/19/2017
    • Support on 01/18/2017
    • Support on 01/17/2017
    • Resistance on 12/30/2016
    • Resistance on 11/21/2016
    • Resistance on 11/18/2016
    • Resistance on 11/17/2016
    • Resistance on 09/28/2016
    • Resistance on 09/20/2016
    • Resistance on 08/23/2016
    • Support on 08/19/2016
    • Support on 08/18/2016
    • Support on 08/17/2016
    • Support on 08/15/2016
    • Resistance on 08/11/2016
    • Resistance on 07/07/2016
    • Resistance on 07/06/2016
    • Resistance on 08/28/2013
    • Resistance on 08/27/2013
    • Support on 08/06/2013
    • Resistance on 07/24/2013
    • Support on 07/17/2013
    • Support on 07/12/2013
    • Resistance on 07/09/2013
    • Resistance on 07/08/2013
    • Resistance on 07/05/2013
    • Resistance on 07/04/2013
    • Resistance on 04/17/2013
    • Support on 03/06/2013
    • Support on 02/27/2013
    • Support on 02/22/2013
    • Support on 02/19/2013
    • Support on 02/14/2013
    • Resistance on 02/12/2013
    • Support on 02/06/2013
    • Resistance on 12/07/2011
    • Resistance on 12/02/2011
    • Resistance on 11/25/2011
    • Resistance on 11/24/2011
    • Support on 10/06/2011
    • Resistance on 10/04/2011
    • Resistance on 10/03/2011
    • Support on 09/13/2011
    • Support on 05/26/2011
    • Support on 03/15/2011
    • Resistance on 03/08/2011
    • Resistance on 03/07/2011
    • Resistance on 01/31/2011
    • Resistance on 01/28/2011
    • Resistance on 01/27/2011
    • Resistance on 12/31/2010
    • Resistance on 12/30/2010
    • Resistance on 11/10/2010
    • Support on 10/05/2010
    • Support on 09/30/2010
    • Resistance on 05/14/2010
    • Resistance on 05/11/2010
    • Resistance on 05/07/2010
    • Support on 04/30/2010
    • Support on 04/29/2010
    • Support on 04/27/2010
    • Support on 04/26/2010
    • Support on 04/23/2010
    • Support on 04/22/2010
    • Support on 01/28/2010

DateApril 28, 2018 - 17:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 0.8680 on 04/26/2018, so more gains to resistance(s) 0.8850, 0.8930, 0.9045 and more heights 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 57.

Take Profits:

  1. 0.8850
  2. 0.8930
  3. 0.9045
  4. 0.9150
  5. 0.9305
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