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Weekly forecast technical chart
Symbol GBPCAD

Download MT4 template file

Trade Setup

#GBPCAD
Total Profit: 15736 pip
Closed trade(s): 4880 pip Profit
Open trade(s): 10856 pip Profit
_______________________________________________
Trade Setup:
We opened 14 BUY trade(s) @ 1.6035 (day close price) based on 'Valley' at 2017.09.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.6230 touched at 2017.09.14 with 195 pip Profit.
TP2 @ 1.6395 touched at 2017.09.15 with 360 pip Profit.
TP3 @ 1.6720 touched at 2017.09.21 with 685 pip Profit.
TP4 @ 1.6975 touched at 2017.10.25 with 940 pip Profit.
TP5 @ 1.7230 touched at 2017.11.29 with 1195 pip Profit.
TP6 @ 1.7540 touched at 2018.01.24 with 1505 pip Profit.
195 + 360 + 685 + 940 + 1195 + 1505 = 4880 pip

Open Profit:
Profit for one trade is 1.7392(current price) - 1.6035(open price) = 1357 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1357 x 8 = 10856 pip
_______________________________________________

DateSun, 02/11/2018 - 12:53
Currentuptrend
Forecastending of uptrend
Last weekBearish
Open1.7531
High1.7663 on Thu, 02/08/2018 - 14:30 (Peak)
Low1.7357 on Tue, 02/06/2018 - 14:30 (Trough)
Close1.7392
Description

Midterm forecast:

  • While the price is below the resistance 1.7855, ending of uptrend is expected.
  • We make sure when the support at 1.7165 breaks.
  • If the resistance at 1.7855 is broken, the short-term forecast -ending of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.7165 is broken.

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, the description can also be found below the image.
If the Midterm level 1.7165 is broken, we will close these trades.

Technical analysis:

  • A peak is formed in daily chart at 1.7665 on 02/08/2018, so more losses to support(s) 1.7230, 1.6975, 1.6720 and minimum to Trend Hunter Buy Zone (1.6000 to 1.5755) 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 54.

Take Profits:

  1. 1.6230
    • Resistance on 08/29/2017
    • Support on 08/17/2017
    • Support on 07/21/2017
    • Support on 02/27/2017
    • Support on 02/20/2017
    • Support on 02/17/2017
    • Support on 02/15/2017
    • Support on 02/14/2017
    • Support on 02/06/2017
    • Support on 02/03/2017
    • Trough on 10/14/2009
    • Trough on 10/13/2009
  2. 1.6395
    • Support on 10/20/2017
    • Support on 10/19/2017
    • Support on 10/12/2017
    • Support on 10/09/2017
    • Support on 10/05/2017
    • Support on 08/15/2017
    • Support on 08/08/2017
    • Resistance on 07/28/2017
    • Resistance on 07/27/2017
    • Support on 07/19/2017
    • Support on 07/18/2017
    • Support on 07/13/2017
    • Support on 07/12/2017
    • Resistance on 03/15/2017
    • Resistance on 03/12/2017
    • Resistance on 03/07/2017
    • Resistance on 02/27/2017
    • Resistance on 02/22/2017
    • Resistance on 02/21/2017
    • Resistance on 02/14/2017
    • Support on 02/09/2017
    • Support on 02/08/2017
    • Support on 01/27/2017
    • Support on 01/24/2017
    • Support on 01/03/2017
    • Trough on 11/09/2016
    • Support on 11/09/2016
    • Resistance on 10/27/2016
    • Resistance on 10/26/2016
    • Support on 10/07/2016
    • Support on 09/24/2013
    • Support on 09/19/2013
    • Support on 09/16/2013
    • Resistance on 09/05/2013
    • Resistance on 09/03/2013
    • Resistance on 09/02/2013
    • Resistance on 08/27/2013
    • Resistance on 08/26/2013
    • Resistance on 08/23/2013
    • Resistance on 08/22/2013
    • Resistance on 08/21/2013
    • Resistance on 10/04/2011
    • Resistance on 08/19/2011
    • Resistance on 08/18/2011
    • Resistance on 11/19/2010
    • Resistance on 11/18/2010
    • Resistance on 11/01/2010
    • Resistance on 09/30/2010
    • Resistance on 09/28/2010
    • Resistance on 08/31/2010
    • Resistance on 08/30/2010
    • Resistance on 08/25/2010
    • Resistance on 08/24/2010
    • Resistance on 08/16/2010
    • Resistance on 08/12/2010
    • Resistance on 08/11/2010
    • Resistance on 08/10/2010
    • Resistance on 08/09/2010
    • Resistance on 08/06/2010
    • Resistance on 02/18/2010
    • Support on 02/17/2010
    • Support on 02/16/2010
    • Support on 02/15/2010
    • Support on 02/12/2010
    • Trough on 01/08/2010
    • Trough on 01/07/2010
    • Support on 01/07/2010
  3. 1.6720
    • Support on 11/15/2017
    • Support on 11/07/2017
    • Support on 11/02/2017
    • Resistance on 10/24/2017
    • Resistance on 10/23/2017
    • Resistance on 10/02/2017
    • Resistance on 09/29/2017
    • Resistance on 09/28/2017
    • Resistance on 09/27/2017
    • Resistance on 09/26/2017
    • Resistance on 09/25/2017
    • Resistance on 09/20/2017
    • Resistance on 08/03/2017
    • Support on 07/06/2017
    • Support on 06/22/2017
    • Support on 06/21/2017
    • Support on 06/20/2017
    • Support on 04/18/2017
    • Resistance on 04/07/2017
    • Resistance on 04/04/2017
    • Resistance on 04/03/2017
    • Resistance on 03/31/2017
    • Resistance on 03/24/2017
    • Resistance on 03/23/2017
    • Resistance on 03/22/2017
    • Resistance on 12/15/2016
    • Resistance on 12/14/2016
    • Resistance on 12/08/2016
    • Support on 12/02/2016
    • Support on 12/01/2016
    • Support on 11/30/2016
    • Support on 11/25/2016
    • Support on 11/17/2016
    • Support on 11/16/2016
    • Support on 11/15/2016
    • Resistance on 11/09/2016
    • Resistance on 11/07/2016
    • Resistance on 11/03/2016
    • Resistance on 10/07/2016
    • Support on 10/05/2016
    • Support on 08/19/2016
    • Support on 08/18/2016
    • Support on 08/17/2016
    • Support on 08/12/2016
    • Support on 07/08/2016
    • Support on 07/07/2016
    • Support on 07/06/2016
  4. 1.6975
    • Resistance on 01/11/2018
    • Resistance on 01/10/2018
    • Resistance on 01/05/2018
    • Resistance on 01/04/2018
    • Resistance on 12/29/2017
    • Resistance on 12/28/2017
    • Support on 12/22/2017
    • Support on 12/21/2017
    • Support on 12/06/2017
    • Support on 12/05/2017
    • Support on 11/28/2017
    • Resistance on 11/24/2017
    • Resistance on 11/21/2017
    • Resistance on 11/20/2017
    • Resistance on 10/30/2017
    • Resistance on 10/26/2017
    • Resistance on 10/25/2017
    • Resistance on 06/28/2017
    • Resistance on 06/19/2017
    • Resistance on 12/06/2016
    • Resistance on 12/05/2016
    • Resistance on 12/01/2016
    • Resistance on 11/15/2016
    • Resistance on 11/14/2016
    • Resistance on 11/09/2016
    • Resistance on 10/03/2016
    • Support on 09/30/2016
    • Support on 09/29/2016
    • Support on 09/23/2016
    • Support on 09/22/2016
    • Support on 08/29/2016
  5. 1.7230
    • Support on 01/19/2018
    • Resistance on 01/17/2018
    • Resistance on 12/18/2017
    • Support on 11/30/2017
    • Support on 05/31/2017
    • Support on 05/30/2017
    • Resistance on 04/19/2017
    • Resistance on 04/18/2017
    • Resistance on 09/28/2016
    • Peak on 09/27/2016
    • Resistance on 09/27/2016
    • Resistance on 09/20/2016
    • Resistance on 08/31/2016
    • Resistance on 08/08/2016
    • Resistance on 08/05/2016
    • Support on 08/01/2016
    • Support on 07/29/2016
    • Support on 07/27/2016
    • Support on 07/26/2016
    • Support on 07/25/2016
    • Resistance on 07/19/2016
    • Resistance on 07/18/2016
    • Resistance on 07/15/2016
    • Resistance on 07/14/2016
    • Support on 06/28/2016
    • Support on 06/27/2016
  6. 1.7540
    • Resistance on 02/08/2018
    • Resistance on 02/06/2018
    • Resistance on 02/05/2018
    • Resistance on 02/02/2018
    • Resistance on 02/01/2018
    • Resistance on 01/26/2018
    • Resistance on 06/08/2017
    • Resistance on 06/07/2017
    • Resistance on 05/24/2017
    • Support on 05/22/2017
    • Support on 05/18/2017
    • Support on 05/17/2017
    • Support on 05/16/2017
    • Support on 04/28/2017
    • Resistance on 09/15/2016
    • Peak on 08/04/2016
    • Peak on 08/03/2016
    • Resistance on 08/03/2016
    • Resistance on 06/30/2016
    • Resistance on 06/29/2016
    • Resistance on 06/28/2016
    • Resistance on 06/27/2016
    • Support on 06/24/2016
    • Support on 11/21/2014
    • Support on 09/08/2014
    • Support on 01/02/2014
    • Support on 12/31/2013
    • Support on 12/30/2013
    • Peak on 12/20/2013
    • Resistance on 12/20/2013
    • Resistance on 12/19/2013
    • Resistance on 12/18/2013
    • Peak on 12/12/2013
    • Peak on 12/09/2013
    • Peak on 12/05/2013
    • Peak on 12/04/2013
    • Resistance on 12/04/2013
    • Peak on 01/03/2012
  7. 1.7820
    • Resistance on 05/18/2017
    • Resistance on 05/10/2017
    • Resistance on 05/05/2017
    • Support on 01/09/2015
    • Support on 01/08/2015
    • Support on 11/13/2014
    • Support on 11/12/2014
    • Support on 09/19/2014
    • Support on 09/17/2014
    • Support on 09/16/2014
    • Support on 01/17/2014
    • Support on 01/16/2014
    • Support on 01/10/2014
    • Resistance on 01/08/2014
    • Resistance on 11/17/2009
  8. 1.8100
    • Support on 06/15/2016
    • Support on 06/14/2016
    • Support on 06/13/2016
    • Support on 06/10/2016
    • Trough on 04/25/2016
    • Trough on 04/22/2016
    • Trough on 04/21/2016
    • Support on 04/21/2016
  9. 1.8355
    • Support on 06/17/2016
    • Resistance on 06/15/2016
    • Support on 06/09/2016
    • Support on 05/03/2016
    • Resistance on 04/29/2016
    • Resistance on 04/28/2016
    • Resistance on 04/25/2016
    • Support on 04/07/2016
    • Support on 05/07/2015
    • Support on 04/28/2015
    • Support on 04/27/2015
    • Resistance on 04/21/2015
    • Resistance on 04/17/2015
    • Resistance on 01/20/2015
    • Resistance on 12/17/2014
    • Resistance on 12/16/2014
    • Support on 08/08/2014
    • Support on 08/07/2014
    • Support on 08/04/2014
    • Support on 08/01/2014
    • Support on 07/31/2014
    • Resistance on 07/28/2014
    • Resistance on 07/25/2014
    • Resistance on 07/22/2014
    • Resistance on 07/21/2014
    • Resistance on 07/11/2014
    • Resistance on 06/09/2014
    • Resistance on 06/04/2014
    • Support on 05/22/2014
    • Support on 05/21/2014
    • Resistance on 05/14/2014
    • Support on 05/12/2014
    • Support on 04/16/2014
    • Resistance on 04/14/2014
    • Resistance on 04/10/2014
    • Support on 03/31/2014
    • Support on 03/18/2014
    • Support on 03/17/2014
    • Support on 03/14/2014
    • Support on 03/13/2014
    • Support on 03/06/2014
    • Support on 02/24/2014
    • Peak on 02/18/2014
  10. 1.8980
    • Resistance on 06/24/2016
    • Resistance on 06/23/2016
    • Resistance on 06/02/2016
    • Resistance on 06/01/2016
    • Support on 05/26/2016
    • Support on 05/23/2016
    • Support on 05/20/2016
    • Support on 05/19/2016
    • Resistance on 03/15/2016
    • Resistance on 03/07/2016
    • Resistance on 03/02/2016
    • Resistance on 02/26/2016
    • Support on 06/11/2015
    • Support on 06/08/2015
    • Support on 06/05/2015
    • Support on 06/03/2015
    • Support on 06/02/2015
    • Support on 06/01/2015
    • Support on 05/29/2015
    • Support on 05/26/2015
    • Support on 05/25/2015
    • Resistance on 05/20/2015
    • Resistance on 05/15/2015
    • Support on 03/10/2015
    • Support on 03/06/2015
    • Support on 02/18/2015
    • Support on 02/17/2015
  11. 1.9270
    • Resistance on 05/25/2016
    • Support on 02/23/2016
    • Support on 02/22/2016
    • Resistance on 06/16/2015
    • Resistance on 03/03/2015
    • Support on 02/27/2015
    • Support on 02/26/2015
    • Support on 02/25/2015
    • Support on 02/24/2015
    • Support on 02/23/2015
    • Resistance on 02/19/2015
    • Resistance on 02/13/2015
    • Resistance on 02/12/2015
    • Resistance on 02/11/2015
    • Resistance on 02/10/2015
    • Peak on 02/03/2015
    • Peak on 02/02/2015
    • Resistance on 02/02/2015
    • Peak on 01/30/2015
    • Resistance on 01/30/2015
    • Resistance on 06/30/2009
  12. 1.9765
    • Support on 02/16/2016
    • Support on 10/13/2015
    • Support on 10/09/2015
    • Resistance on 07/13/2015
    • Resistance on 07/10/2015
    • Resistance on 07/07/2015
    • Resistance on 07/06/2015
  13. 2.0965
    • Resistance on 12/11/2015
    • Resistance on 08/26/2015
    • Peak on 08/26/2015
    • Resistance on 08/25/2015
    • Peak on 08/25/2015
    • Resistance on 08/24/2015
    • Peak on 08/24/2015
    • Support on 08/21/2007
    • Support on 08/20/2007
    • Support on 06/29/2007
    • Support on 06/15/2007
    • Support on 06/14/2007
    • Support on 06/07/2007
    • Support on 06/04/2007
    • Support on 10/10/2006
    • Support on 10/09/2006
    • Support on 09/27/2006
    • Support on 09/18/2006
    • Support on 09/15/2006
    • Support on 09/14/2006
    • Support on 09/13/2006
    • Support on 09/01/2006
    • Support on 08/29/2006
    • Support on 08/23/2006
    • Support on 07/31/2006
    • Support on 07/26/2006
    • Support on 07/25/2006
    • Resistance on 07/20/2006
    • Resistance on 07/12/2006
    • Resistance on 05/25/2006
    • Support on 05/23/2006
    • Support on 05/22/2006
    • Support on 05/18/2006
    • Resistance on 05/16/2006
    • Resistance on 11/03/2005

Latest forecasts
Symbol Released Current Forecast
GBPCAD free Sun, 18 Feb 2018
GBPCAD free Sun, 11 Feb 2018
GBPCAD free Sun, 4 Feb 2018
GBPCAD free Sun, 28 Jan 2018
GBPCAD free Sat, 20 Jan 2018