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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup

#GBPCHF
Total Profit: 9192 pip
Closed trade(s): 3200 pip Profit
Open trade(s): 5992 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.2340 (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 130 pip Profit.
TP2 @ 1.2645 touched at 2017.09.12 with 305 pip Profit.
TP3 @ 1.2740 touched at 2017.09.12 with 400 pip Profit.
TP4 @ 1.2865 touched at 2017.09.14 with 525 pip Profit.
TP5 @ 1.3110 touched at 2017.09.20 with 770 pip Profit.
TP6 @ 1.3410 touched at 2017.12.08 with 1070 pip Profit.
130 + 305 + 400 + 525 + 770 + 1070 = 3200 pip

Open Profit:
Profit for one trade is 1.3196(current price) - 1.2340(open price) = 856 pip
7 trade(s) still open, therefore total profit for open trade(s) is 856 x 7 = 5992 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 17, 2017 - 20:58
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 1.3160 on 12/13/2017, so more gains to resistance(s) 1.3200, 1.3330, 1.3410 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 51.

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.
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.