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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. Swiss Franc technical chart

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Trade Setup
Total Profit: -1640 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1640 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:

Open Profit:
Profit for one trade is 1.2275(current price) - 1.2480(open price) = -205 pip
8 trade(s) still open, therefore total profit for open trade(s) is -205 x 8 = -1640 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.

DateSat, 07/20/2019 - 15:53
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.2105, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2915 breaks.
  • If the support at 1.2105 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.2235 on 07/16/2019, so more gains to resistance(s) 1.2340, 1.2475, 1.2580 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 34.

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 vs. Swiss Franc (GBPCHF) new Sat, 7 Dec 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 30 Nov 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 23 Nov 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 16 Nov 2019
British Pound vs. Swiss Franc (GBPCHF) free Sat, 9 Nov 2019