website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup

#GBPCHF
Total Profit: 5605 pip
Closed trade(s): 2125 pip Profit
Open trade(s): 3480 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.2341 (day close price) based on 'Hammer' at 2017.08.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.2470 touched at 2017.09.01 with 129 pip Profit.
TP2 @ 1.2645 touched at 2017.09.12 with 304 pip Profit.
TP3 @ 1.2740 touched at 2017.09.12 with 399 pip Profit.
TP4 @ 1.2865 touched at 2017.09.14 with 524 pip Profit.
TP5 @ 1.3110 touched at 2017.09.20 with 769 pip Profit.
129 + 304 + 399 + 524 + 769 = 2125 pip

Open Profit:
Profit for one trade is 1.2776(current price) - 1.2341(open price) = 435 pip
8 trade(s) still open, therefore total profit for open trade(s) is 435 x 8 = 3480 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2345 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 (1.2345)
    • Support on 09/05/2017
    • Support on 08/24/2017
    • Support on 08/23/2017
    • Support on 08/18/2017
    • Resistance on 07/24/2017
    • Resistance on 07/21/2017
    • Support on 07/12/2017
    • Support on 06/26/2017
    • Support on 06/15/2017
    • Support on 06/14/2017
    • Resistance on 06/12/2017
    • Support on 06/09/2017
    • Support on 03/30/2017
    • Support on 03/29/2017
    • Support on 03/28/2017
    • Support on 03/27/2017
    • Resistance on 03/16/2017
    • Resistance on 03/15/2017
    • Resistance on 03/13/2017
    • Resistance on 03/09/2017
    • Support on 03/08/2017
    • Support on 03/07/2017
    • Support on 03/03/2017
    • Support on 02/07/2017
    • Support on 02/06/2017
    • Trough on 01/31/2017
    • Support on 01/31/2017
    • Support on 01/19/2017
    • Support on 01/18/2017
    • Support on 01/11/2017
    • Support on 12/30/2016
    • Support on 11/15/2016
  • Ending of entry zone (1.2210)
    • Support on 08/29/2017
    • Support on 03/16/2017
    • Trough on 03/14/2017
    • Support on 03/14/2017
    • 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

DateOctober 7, 2017 - 19:48
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 1.3195 on 09/21/2017, so more losses to support(s) 1.2740, 1.2645, 1.2470 and minimum to Trend Hunter Buy Zone (1.2345 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 47.

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.