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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup

#GBPCHF
Total Profit: -1067 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1067 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 1.3404 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2018.03.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 1.3404(open price) - 1.3501(current price) = -97 pip
11 trade(s) still open, therefore total profit for open trade(s) is -97 x 11 = -1067 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateApril 8, 2018 - 17:57
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 a downtrend wave below 1.35400 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 1.3355 on 03/30/2018, so more gains maximum to Trend Hunter Sell Zone (1.3410 to 1.3470) 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 65.

Take Profits:

  1. 1.3320
  2. 1.3190
  3. 1.3105
  4. 1.3000
  5. 1.2865
  6. 1.2745
  7. 1.2645
  8. 1.2470
  9. 1.2220
  10. 1.1900
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) new 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.