website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

Download MT4 template file

Trade Setup
#GBPUSD
Total Profit: 3679 pip
Closed trade(s): 1171 pip Profit
Open trade(s): 2508 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.2301 based on 'Hammer' at 2019.10.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.2380 touched at 2019.10.03 with 79 pip Profit.
TP2 @ 1.2475 touched at 2019.10.11 with 174 pip Profit.
TP3 @ 1.2655 touched at 2019.10.11 with 354 pip Profit.
TP4 @ 1.2865 touched at 2019.10.16 with 564 pip Profit.
79 + 174 + 354 + 564 = 1171 pip

Open Profit:
Profit for one trade is 1.3137(current price) - 1.2301(open price) = 836 pip
3 trade(s) still open, therefore total profit for open trade(s) is 836 x 3 = 2508 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.
  • If the Midterm level 1.29500 is broken, we will close open trades.
  • Price may also reach 1.29500, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateDecember 7, 2019 - 17:47
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.29500 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.29500 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.2765 on 11/08/2019, so more gains to resistance(s) 1.3170, 1.3380, 1.3655 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 71.

Take Profits:

  1. 1.2380
  2. 1.2475
  3. 1.2655
  4. 1.2865
  5. 1.3170
  6. 1.3380
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 17 Mar 2024
British Pound / US Dollar (GBPUSD) free Sat, 9 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 2 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 25 Feb 2024