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

#GBPCHF
Total Profit: 242 pip
Closed trade(s): 0 pip Profit
Open trade(s): 242 pip Profit

Trade Setup:
We opened 11 BUY trades @ 1.11741 based on 'Valley' entry method at 2024-11-27, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Open Profit:
Profit for one BUY trade is 1.11958(current price) - 1.11741(open price) = 22 pip
11 trade(s) still open, therefore total profit for open trade(s) is 22 x 11 = 242 pip

#GBPCHF
Total Profit: 242 pip
Closed trade(s): 0 pip Profit
Open trade(s): 242 pip Profit

Trade Setup:
We opened 11 BUY trades @ 1.11741 based on 'Valley' entry method at 2024-11-27, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Open Profit:
Profit for one BUY trade is 1.11958(current price) - 1.11741(open price) = 22 pip
11 trade(s) still open, therefore total profit for open trade(s) is 22 x 11 = 242 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.
DateDecember 3, 2024 - 13:51
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.10223 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 1.11160 on 11/26/2024, so more gains to resistance(s) 1.12946, 1.13659, 1.14514 and more heights 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 48.

Take Profits:

  1. 1.12946
  2. 1.13659
  3. 1.14514
  4. 1.15161
  5. 1.16761
  6. 1.18718
  7. 1.19988
  8. 1.22953
  9. 1.24464
  10. 1.34200
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) new Sun, 19 Jan 2025
British Pound / Swiss Franc (GBPCHF) Sun, 12 Jan 2025
British Pound / Swiss Franc (GBPCHF) Sun, 5 Jan 2025
British Pound / Swiss Franc (GBPCHF) Sun, 29 Dec 2024
British Pound / Swiss Franc (GBPCHF) Mon, 23 Dec 2024
History
Daily-Trading-Opportunities on GBPCHF.