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

#GBPCHF
Total Loss: 2748 pip
Closed trade(s): 2748 pip Loss

Trade Setup:
We opened 12 BUY trades @ 1.13901 based on 'Hammer' entry method at 2022-08-24.

Closed Loss:
SL @ 1.11608 touched at 2022-09-08 with 2748 pip Loss.
Loss for one BUY trade is 1.13901(open price) - 1.11608(close price) = 229 pip
Therefore total loss for trades is 229 x 12 = 2748 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSeptember 11, 2022 - 06:01
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.12982 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.14210 on 08/23/2022, so more losses to support(s) 1.10900, 1.09666, 1.08600 and more depths 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 26.

Supports and Resistances:

  1. 1.34200
  2. 1.28095
  3. 1.25975
  4. 1.24464
  5. 1.22953
  6. 1.20076
  7. 1.18984
  8. 1.17748
  9. 1.16949
  10. 1.15271
  11. 1.14564
Click on the level to view price action history.