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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.3725 to 1.3855). 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 (1.3725)
    • Support on 04/18/2018
    • Resistance on 04/13/2018
    • Support on 06/13/2016
    • Support on 06/10/2016
    • Support on 03/24/2016
    • Support on 03/23/2016
    • Trough on 02/26/2016
    • Trough on 02/25/2016
    • Trough on 02/24/2016
    • Support on 02/24/2016
  • Ending of entry zone (1.3855)
    • Peak on 04/18/2018
    • Resistance on 04/18/2018

DateApril 22, 2018 - 12:33
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 1.3855 on 04/18/2018, so more losses to support(s) 1.3475, 1.3360, 1.3190 and more depths 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 61.

Take Profits:

  1. 1.3475
  2. 1.3360
  3. 1.3190
  4. 1.3100
  5. 1.3000
  6. 1.2865
  7. 1.2745
  8. 1.2645
  9. 1.2470
  10. 1.2220
  11. 1.1900
Click on the level to view price action history.