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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup

#GBPCHF
Total Profit: 1434 pip
Closed trade(s): 150 pip Profit
Open trade(s): 1284 pip Profit
_______________________________________________
Trade Setup:
We opened 14 BUY trade(s) @ 1.2430 (day close price) based on 'Valley' at 2017.01.17 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/GBPCHF...

Closed Profit:
TP1 @ 1.2470 touched at 2017.01.23 with 40 pip Profit.
TP2 @ 1.2540 touched at 2017.01.25 with 110 pip Profit.
40 + 110 = 150 pip

Open Profit:
Profit for one trade is 1.2537(current price) - 1.2430(open price) = 107 pip
12 trade(s) still open, therefore total profit for open trade(s) is 107 x 12 = 1284 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2210 to 1.1900). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.2210)
    • Resistance on 01/16/2017
    • Support on 01/13/2017
    • Support on 11/10/2016
    • Resistance on 11/09/2016
    • Peak on 10/25/2016
    • Resistance on 10/25/2016
  • Ending of entry zone (1.1900)
    • Support on 11/02/2016
    • Support on 11/01/2016
    • Support on 10/07/2016
    • Support on 01/15/2015
DateJanuary 28, 2017 - 15:16
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 1.2105 on 01/16/2017, so more gains to resistance(s) 1.2540, 1.2740, 1.2865 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 1.2470
  2. 1.2540
  3. 1.2740
  4. 1.2865
  5. 1.3110
  6. 1.3200
  7. 1.3410
  8. 1.3725
  9. 1.4200
  10. 1.4555
  11. 1.4805
  12. 1.5535
  13. 1.6005
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.