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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

Download MT4 template file

Trade Setup

#EURGBP
Total Profit: 1052 pip
Closed trade(s): 112 pip Profit
Open trade(s): 940 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 0.8986 (day close price) based on 'Peak' at 2018.08.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 0.8965 touched at 2018.08.30 with 21 pip Profit.
TP2 @ 0.8895 touched at 2018.09.10 with 91 pip Profit.
21 + 91 = 112 pip

Open Profit:
Profit for one trade is 0.8986(open price) - 0.8892(current price) = 94 pip
10 trade(s) still open, therefore total profit for open trade(s) is 94 x 10 = 940 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSeptember 15, 2018 - 18:28
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.93050 would begin in Midterm.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • The RSI support #2 at 51 is broken, so the probability of beginning of downtrend is increased.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

Take Profits:

  1. 0.8965
  2. 0.8895
  3. 0.8850
  4. 0.8810
  5. 0.8725
  6. 0.8620
  7. 0.8400
  8. 0.8120
  9. 0.7840
  10. 0.7495
  11. 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