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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trade Setup

#GBPUSD
Total Profit: -1040 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1040 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.3749 based on 'Close below major support' entry method at 2021.03.23.

Open Profit:
Profit for one trade is 1.3749(open price) - 1.3879(current price) = -130 pip
8 trade(s) still open, therefore total profit for open trade(s) is -130 x 8 = -1040 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJune 26, 2021 - 20:48
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.43450, beginning of downtrend is expected.
  • We make sure when the support at 1.36550 breaks.
  • If the resistance at 1.43450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 1.4250 on 06/01/2021, so more losses to support(s) 1.3785 and minimum to Major Support (1.3655) 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. 1.3785
  2. 1.3655
  3. 1.3480
  4. 1.3200
  5. 1.3000
  6. 1.2695
  7. 1.2250
  8. 1.1960
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) Sun, 14 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 6 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 30 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPUSD.