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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Download MT4 template file

Trade Setup
#GBPCHF
Total Profit: 1607 pip
Closed trade(s): 539 pip Profit
Open trade(s): 1068 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.2947 based on 'Two-Day Reversal Candle (Hammer)' at 2019.02.15 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.3000 touched at 2019.02.19 with 53 pip Profit.
TP2 @ 1.3115 touched at 2019.02.26 with 168 pip Profit.
TP3 @ 1.3265 touched at 2019.02.26 with 318 pip Profit.
53 + 168 + 318 = 539 pip

Open Profit:
Profit for one trade is 1.3303(current price) - 1.2947(open price) = 356 pip
3 trade(s) still open, therefore total profit for open trade(s) is 356 x 3 = 1068 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateMarch 16, 2019 - 13:55
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.23750 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.3060 on 03/11/2019, so more gains to resistance(s) 1.3475, 1.3855, 1.6745 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 59.

Take Profits:

  1. 1.3000
  2. 1.3115
  3. 1.3265
  4. 1.3475
  5. 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.