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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trade Setup

#GBPCHF:
Total Loss: 1749 pip
Closed trade(s): 1749 pip Loss

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...

Total Loss:
SL @ 1.3563 touched at 2018.04.10 with 159 pip Loss.
Loss for one trade is 1.3563(close price) - 1.3404(open price) = 159 pip
Therefore total loss for trades is 159 x 11 = 1749 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateApril 15, 2018 - 11:13
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • The current trend is uptrend but the forecast is beginning of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.3355 on 03/30/2018, so more gains to resistance(s) 1.3725, 1.4200, 1.4555 and more heights 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 75.

Supports and Resistances:

  1. 1.1900
  2. 1.2220
  3. 1.2470
  4. 1.2645
  5. 1.2745
  6. 1.2865
  7. 1.3000
  8. 1.3105
  9. 1.3190
  10. 1.3330
  11. 1.3485
  12. 1.3725
  13. 1.4200
  14. 1.4555
  15. 1.4805
  16. 1.5535
  17. 1.6005
Click on the level to view price action history.