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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

#EURGBP
Total Profit: 536 pip
Closed trade(s): 184 pip Profit
Open trade(s): 352 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.8798 (day close price) based on 'Trough' at 2018.04.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.8850 touched at 2018.06.28 with 52 pip Profit.
TP2 @ 0.8930 touched at 2018.07.18 with 132 pip Profit.
52 + 132 = 184 pip

Open Profit:
Profit for one trade is 0.8886(current price) - 0.8798(open price) = 88 pip
4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 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 0.88500 is broken, we will close open trades.
DateJuly 29, 2018 - 13:18
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.88500, beginning of uptrend is expected.
  • We make sure when the resistance at 0.89600 breaks.
  • If the support at 0.88500 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.88500 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • 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. 0.8850
  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) 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.