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: 3006 pip
Closed trade(s): 1149 pip Profit
Open trade(s): 1857 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.2474 (day close price) based on 'Valley' at 2020.07.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.2540 touched at 2020.07.07 with 66 pip Profit.
TP2 @ 1.2695 touched at 2020.07.21 with 221 pip Profit.
TP3 @ 1.2810 touched at 2020.07.27 with 336 pip Profit.
TP4 @ 1.3000 touched at 2020.07.29 with 526 pip Profit.
66 + 221 + 336 + 526 = 1149 pip

Open Profit:
Profit for one trade is 1.3093(current price) - 1.2474(open price) = 619 pip
3 trade(s) still open, therefore total profit for open trade(s) is 619 x 3 = 1857 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 1.26950 is broken, we will close open trades.

DateAugust 15, 2020 - 18:10
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.26950 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 1.26950 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.3185 on 08/06/2020, so more losses to support(s) 1.3000, 1.2810 and minimum to Major Support (1.2695) 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 69.

Take Profits:

  1. 1.2540
  2. 1.2695
  3. 1.2810
  4. 1.3000
  5. 1.3200
  6. 1.3515
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