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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup
#GBPCHF
Total Profit: 5108 pip
Closed trade(s): 1820 pip Profit
Open trade(s): 3288 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.1915 based on 'Hammer' at 2019.09.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.1940 touched at 2019.09.04 with 25 pip Profit.
TP2 @ 1.2075 touched at 2019.09.05 with 160 pip Profit.
TP3 @ 1.2220 touched at 2019.09.09 with 305 pip Profit.
TP4 @ 1.2475 touched at 2019.09.18 with 560 pip Profit.
TP5 @ 1.2685 touched at 2019.10.15 with 770 pip Profit.
25 + 160 + 305 + 560 + 770 = 1820 pip

Open Profit:
Profit for one trade is 1.2737(current price) - 1.1915(open price) = 822 pip
4 trade(s) still open, therefore total profit for open trade(s) is 822 x 4 = 3288 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.
  • If the Midterm level 1.2340 is broken, we will close open trades.
  • Price may also reach 1.2340, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateNovember 9, 2019 - 17:55
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1.2340 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.2340 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.2090 on 10/08/2019, so more gains to resistance(s) 1.2915, 1.3400, 1.3855 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 60.

Take Profits:

  1. 1.1940
  2. 1.2075
  3. 1.2220
  4. 1.2475
  5. 1.2685
  6. 1.2915
  7. 1.3400
  8. 1.3855
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) new Sun, 12 Jul 2020
British Pound / Swiss Franc (GBPCHF) Sat, 4 Jul 2020
British Pound / Swiss Franc (GBPCHF) Sat, 27 Jun 2020
British Pound / Swiss Franc (GBPCHF) Sat, 20 Jun 2020
British Pound / Swiss Franc (GBPCHF) Sat, 13 Jun 2020