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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF
Trade Setup

#GBPCHF
Total Profit: -416 pip
Closed trade(s): 0 pip Profit
Open trade(s): -416 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.2242 based on 'Valleyr' at 2022.04.29.

Open Profit:
Profit for one trade is 1.2189(current price) - 1.2242(open price) = -52 pip
8 trade(s) still open, therefore total profit for open trade(s) is -52 x 8 = -416 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.
DateMay 8, 2022 - 18:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.20767, beginning of uptrend is expected.
  • We make sure when the resistance at 1.25736 breaks.
  • If the support at 1.20767 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.21197 on 2022-03-04 and the trough at 1.20729 on 2022-04-27, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.22940 on 05/05/2022, so more losses to support(s) 1.21397 and minimum to Major Support (1.20767) 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 47.

Take Profits:

  1. 1.23250
  2. 1.24640
  3. 1.25736
  4. 1.27349
  5. 1.28099
  6. 1.30366
  7. 1.34200
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.