Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

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 British Pound vs. Canadian Dollar technical chart
Symbol GBPCAD

Download MT4 template file

Trade Setup
#GBPCAD
Total Profit: 2441 pip
Closed trade(s): 321 pip Profit
Open trade(s): 2120 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.6341 (day close price) based on 'Valley' at 2019.07.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.6420 touched at 2019.07.24 with 78 pip Profit.
TP2 @ 1.6585 touched at 2019.09.13 with 243 pip Profit.
78 + 243 = 321 pip

Open Profit:
Profit for one trade is 1.6607(current price) - 1.6341(open price) = 265 pip
8 trade(s) still open, therefore total profit for open trade(s) is 265 x 8 = 2120 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.

DateSat, 09/14/2019 - 20:04
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1.5735 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 1.5960 on 09/03/2019, so more gains to resistance(s) 1.6770, 1.6975, 1.7135 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 67.

Take Profits:

  1. 1.6420
  2. 1.6585
  3. 1.6770
  4. 1.6975
  5. 1.7135
  6. 1.7315
  7. 1.7535
  8. 1.7725
  9. 1.8415
Click on the level to view price action history.