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 British Pound / Canadian Dollar technical chart
Symbol GBPCAD
Trade Setup

#GBPCAD
Total Profit: 606 pip
Closed trade(s): 606 pip Profit

Trade Setup:
We opened 12 SELL trades @ 1.79117 based on 'Shooting Star' entry method at 2024-11-11, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.78709 touched at 2024-11-12 with 41 pip Profit.
TP2 @ 1.76819 touched at 2024-11-19 with 230 pip Profit.
TP3 @ 1.75765 touched at 2024-11-21 with 335 pip Profit.
9 other break-even trades closed at entry price, therefore no profit no loss.
41 + 230 + 335 = 606 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateDecember 8, 2024 - 23:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.74050 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 1.74790 on 11/22/2024, so more gains to resistance(s) 1.80719, 1.81500, 1.82310 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 63.

Supports and Resistances:

  1. 1.78709
  2. 1.76819
  3. 1.75765
  4. 1.74050
  5. 1.72705
  6. 1.70900
  7. 1.69267
  8. 1.67670
  9. 1.65599
  10. 1.63703
  11. 1.60894
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Canadian Dollar (GBPCAD) new free Sun, 19 Jan 2025
British Pound / Canadian Dollar (GBPCAD) free Tue, 14 Jan 2025
British Pound / Canadian Dollar (GBPCAD) free Sun, 12 Jan 2025
British Pound / Canadian Dollar (GBPCAD) free Sun, 5 Jan 2025
British Pound / Canadian Dollar (GBPCAD) Sun, 29 Dec 2024
History
Daily-Trading-Opportunities on GBPCAD.