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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trade Setup
#GBPCHF
Total Profit: 96 pip
Closed trade(s): 0 pip Profit
Open trade(s): 96 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 1.2604 (day close price) based on 'Peak' at 2020.01.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 1.2604(open price) - 1.2588(current price) = 16 pip
6 trade(s) still open, therefore total profit for open trade(s) is 16 x 6 = 96 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJanuary 18, 2020 - 20:43
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 1.34200, continuation of downtrend is expected.
  • We make sure when the support at 1.24750 breaks.
  • If the resistance at 1.34200 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 43 is broken, so the probability of continuation of downtrend is increased.
  • A peak is formed in daily chart at 1.2850 on 12/31/2019, so more losses minimum to Major Support (1.2475) 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 38.

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.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) Sun, 14 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sun, 7 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sat, 30 Mar 2024
British Pound / Swiss Franc (GBPCHF) Sun, 24 Mar 2024
British Pound / Swiss Franc (GBPCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPCHF.