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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 (1.2685 to 1.2580). 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 (1.2685)
    • 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 08/23/2018
    • 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
    • Support on 09/28/2018
    • Trough on 11/22/2018
    • Support on 11/22/2018
    • Support on 11/29/2018
    • Support on 11/30/2018
    • Support on 12/03/2018
    • Resistance on 12/07/2018
    • Resistance on 01/14/2019
    • Support on 01/16/2019
  • Ending of entry zone (1.2580)
    • Support on 08/15/2018
    • Resistance on 09/05/2018
    • Resistance on 09/07/2018
    • Resistance on 12/12/2018
    • Resistance on 12/13/2018
    • Resistance on 12/14/2018
    • Resistance on 12/18/2018
    • Resistance on 12/19/2018
    • Resistance on 12/20/2018
    • Resistance on 12/21/2018
    • Resistance on 12/24/2018
    • Resistance on 12/26/2018
    • Resistance on 12/27/2018
    • Resistance on 12/31/2018
    • Resistance on 01/04/2019
    • Support on 01/15/2019
DateFebruary 2, 2019 - 17:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.23750, beginning of uptrend is expected.
  • We make sure when the resistance at 1.31700 breaks.
  • If the support at 1.23750 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.3120 on 01/28/2019, so more losses to support(s) 1.2915, 1.2830, 1.2750 and minimum to Major Support (1.2375) 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 64.

Take Profits:

  1. 1.2750
  2. 1.2830
  3. 1.2915
  4. 1.3115
  5. 1.3265
  6. 1.3475
  7. 1.3855
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) 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.