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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2340 to 1.2210). 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 (1.2340)
    • Support on 03/03/2017
    • Support on 02/07/2017
    • Support on 02/06/2017
    • Support on 01/31/2017
    • Support on 01/19/2017
    • Support on 01/18/2017
    • Support on 01/11/2017
    • Support on 01/10/2017
    • Support on 01/09/2017
    • Support on 12/30/2016
    • Support on 11/15/2016
  • Ending 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

DateMarch 5, 2017 - 16:49
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 peak is formed in daily chart at 1.2655 on 02/22/2017, so more losses minimum to Trend Hunter Buy Zone (1.2340 to 1.2210) 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 43.

Take Profits:

  1. 1.2470
  2. 1.2645
  3. 1.2740
  4. 1.2865
  5. 1.3110
  6. 1.3410
  7. 1.3725
  8. 1.4200
  9. 1.4555
  10. 1.4805
  11. 1.5535
  12. 1.6005
Click on the level to view price action history.