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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trade Setup
#GBPCHF
Total Profit: -472 pip
Closed trade(s): 0 pip Profit
Open trade(s): -472 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.2480 (day close price) based on 'Valley' at 2019.07.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 1.2421(current price) - 1.2480(open price) = -59 pip
8 trade(s) still open, therefore total profit for open trade(s) is -59 x 8 = -472 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.
DateJuly 6, 2019 - 21:24
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.21050, beginning of uptrend is expected.
  • We make sure when the resistance at 1.29150 breaks.
  • If the support at 1.21050 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.2335 on 06/28/2019, so more gains to resistance(s) 1.2475, 1.2580, 1.2685 and maximum to Major Resistance (1.2915) 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 39.

Take Profits:

  1. 1.2580
  2. 1.2685
  3. 1.2790
  4. 1.2915
  5. 1.3130
  6. 1.3400
  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.