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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2755 to 1.2685). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.2755)
    • Support on 01/21/2015
    • Resistance on 07/06/2016
    • Resistance on 07/07/2016
    • Resistance on 07/08/2016
    • Support on 07/12/2016
    • Support on 07/29/2016
    • Support on 08/02/2016
    • Support on 08/04/2016
    • Support on 08/05/2016
    • Support on 08/09/2016
    • Support on 08/26/2016
    • Resistance on 11/30/2016
    • Resistance on 12/01/2016
    • Support on 12/16/2016
    • Resistance on 04/24/2017
    • Resistance on 04/25/2017
    • Support on 04/27/2017
    • Resistance on 07/28/2017
    • Resistance on 08/04/2017
    • Resistance on 09/12/2017
    • Resistance on 09/13/2017
    • Support on 10/06/2017
    • Resistance on 09/11/2018
    • Resistance on 09/19/2018
    • Resistance on 09/20/2018
    • Resistance on 09/26/2018
    • Support on 10/01/2018
    • Support on 10/02/2018
    • Support on 10/03/2018
    • Trough on 10/30/2018
    • Support on 10/30/2018
    • Support on 11/19/2018
  • Ending of entry zone (1.2685)
    • Resistance on 08/13/2018
    • Resistance on 08/14/2018
    • Resistance on 08/15/2018
    • Resistance on 08/16/2018
    • Resistance on 08/20/2018
    • Resistance on 09/12/2018
    • Resistance on 09/13/2018
    • Resistance on 09/14/2018
    • Resistance on 09/18/2018
    • Support on 09/27/2018
    • Trough on 11/22/2018
    • Support on 11/22/2018

DateNovember 24, 2018 - 20:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.31550 would begin in Midterm.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.2685 on 11/22/2018, so more gains to resistance(s) 1.2865, 1.2945 and maximum to Major Resistance (1.3155) 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 43.

Take Profits:

  1. 1.2865
  2. 1.2945
  3. 1.3155
  4. 1.3360
  5. 1.3475
  6. 1.3725
  7. 1.3855
  8. 1.4200
  9. 1.4555
  10. 1.4805
  11. 1.5535
  12. 1.6005
Click on the level to view price action history.