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

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 24, 2018 - 18:07
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.86200, beginning of uptrend is expected.
  • We make sure when the resistance at 0.89300 breaks.
  • If the support at 0.86200 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.8725 on 2018-10-10 and the trough at 0.8655 on 2018-11-13, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
  • The RSI bounced from the uptrend #2 and it prevented price from more losses.
  • A peak is formed in daily chart at 0.8935 on 11/19/2018, so more losses to support(s) 0.8795, 0.8725, 0.8685 and minimum to Major Support (0.8620) 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 53.

Supports and Resistances:

  1. 0.9305
  2. 0.9150
  3. 0.9085
  4. 0.9045
  5. 0.8965
  6. 0.8930
  7. 0.8850
  8. 0.8795
  9. 0.8725
  10. 0.8685
  11. 0.8620
  12. 0.8530
  13. 0.8400
  14. 0.8120
  15. 0.7840
  16. 0.7495
  17. 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