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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.2890 to 1.3055). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.2890)
    • Support on 10/02/2017
    • Resistance on 10/09/2017
    • Resistance on 10/10/2017
    • Resistance on 10/11/2017
    • Support on 10/17/2017
    • Support on 10/18/2017
    • Support on 03/02/2018
    • Support on 03/05/2018
    • Support on 08/06/2018
    • Resistance on 08/08/2018
    • Resistance on 10/01/2018
    • Resistance on 10/03/2018
    • Support on 10/05/2018
    • Support on 10/23/2018
    • Resistance on 10/25/2018
    • Resistance on 10/31/2018
    • Resistance on 01/21/2019
    • Support on 02/07/2019
    • Support on 02/12/2019
    • Resistance on 10/17/2019
    • Resistance on 12/18/2019
    • Resistance on 12/19/2019
  • Ending of entry zone (1.3055)
    • Support on 10/26/2017
    • Support on 10/27/2017
    • Support on 11/06/2017
    • Support on 11/09/2017
    • Support on 11/10/2017
    • Support on 11/13/2017
    • Support on 11/17/2017
    • Support on 11/20/2017
    • Support on 11/22/2017
    • Support on 11/23/2017
    • Support on 11/24/2017
    • Support on 11/28/2017
    • Resistance on 02/06/2018
    • Resistance on 02/09/2018
    • Support on 02/27/2018
    • Resistance on 02/28/2018
    • Resistance on 03/01/2018
    • Support on 03/07/2018
    • Support on 05/29/2018
    • Support on 05/31/2018
    • Support on 06/21/2018
    • Support on 06/25/2018
    • Support on 06/26/2018
    • Support on 06/27/2018
    • Resistance on 07/19/2018
    • Resistance on 07/20/2018
    • Resistance on 07/27/2018
    • Resistance on 07/30/2018
    • Resistance on 10/09/2018
    • Resistance on 10/10/2018
    • Resistance on 10/16/2018
    • Resistance on 10/17/2018
    • Resistance on 10/18/2018
    • Resistance on 10/19/2018
    • Resistance on 11/01/2018
    • Resistance on 11/12/2018
    • Resistance on 11/13/2018
    • Resistance on 01/29/2019
    • Resistance on 01/30/2019
    • Resistance on 01/31/2019
    • Resistance on 02/01/2019
    • Resistance on 02/04/2019
    • Resistance on 02/05/2019
    • Resistance on 02/11/2019
    • Support on 02/25/2019
    • Support on 03/11/2019
    • Support on 03/20/2019
    • Support on 03/25/2019
    • Support on 03/26/2019
    • Support on 04/02/2019
    • Support on 04/04/2019
    • Resistance on 12/09/2019

DateJanuary 11, 2020 - 19:08
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.34200, beginning of downtrend is expected.
  • We make sure when the support at 1.26850 breaks.
  • If the resistance at 1.34200 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 1.2660 on 12/23/2019, so more gains to resistance(s) 1.2790, 1.2890, 1.3055 and maximum to Major Resistance (1.3420) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Take Profits:

  1. 1.2475
  2. 1.2300
  3. 1.2090
  4. 1.1940
  5. 1.1670
Click on the level to view price action history.