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Weekly forecast British Pound vs. Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup

#GBPCHF
Total Profit: 310 pip
Closed trade(s): 310 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 1.3210 (day close price) based on 'Peak' at 2018.01.26 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.3110 touched at 2018.01.30 with 100 pip Profit.
TP2 @ 1.3000 touched at 2018.02.05 with 210 pip Profit.
100 + 210 = 310 pip

All 7 trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.3200 to 1.3330). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.3200)
    • Resistance on 02/08/2018
    • Support on 02/01/2018
    • Support on 01/31/2018
    • Support on 01/26/2018
    • Support on 01/11/2018
    • Support on 01/10/2018
    • Support on 01/08/2018
    • Resistance on 12/29/2017
    • Support on 12/27/2017
    • Support on 12/26/2017
    • Support on 12/22/2017
    • Support on 12/14/2017
    • Support on 12/13/2017
    • Support on 12/12/2017
    • Support on 12/11/2017
    • Resistance on 10/30/2017
    • Resistance on 09/21/2017
    • Resistance on 07/15/2016
    • Resistance on 07/14/2016
    • Resistance on 07/13/2016
    • Resistance on 06/30/2016
    • Resistance on 06/29/2016
    • Support on 06/24/2016
    • Support on 01/26/2015
    • Resistance on 01/23/2015
    • Resistance on 01/22/2015
    • Resistance on 01/16/2015
    • Resistance on 08/26/2011
    • Resistance on 08/18/2011
    • Resistance on 08/17/2011
  • Ending of entry zone (1.3330)
    • Resistance on 01/26/2018
    • Support on 01/22/2018
    • Resistance on 01/10/2018
    • Resistance on 12/11/2017
    • Resistance on 12/04/2017
    • Resistance on 12/01/2017
    • Resistance on 11/01/2017
    • Peak on 11/01/2017

DateSun, 02/11/2018 - 12:43
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

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 peak is formed in daily chart at 1.3490 on 01/25/2018, so more losses to support(s) 1.2865, 1.2740, 1.2645 and more depths 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 36.

Take Profits:

  1. 1.3110
  2. 1.3000
  3. 1.2865
  4. 1.2740
  5. 1.2645
  6. 1.2470
  7. 1.2210
  8. 1.1900
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound vs. Swiss Franc (GBPCHF) new free Sun, 12 Aug 2018
British Pound vs. Swiss Franc (GBPCHF) free Sun, 5 Aug 2018
British Pound vs. Swiss Franc (GBPCHF) free Sun, 29 Jul 2018
British Pound vs. Swiss Franc (GBPCHF) Sun, 22 Jul 2018
British Pound vs. Swiss Franc (GBPCHF) Sun, 15 Jul 2018