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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD
Trade Setup

#GBPUSD
Total Profit: 2577 pip
Closed trade(s): 631 pip Profit
Open trade(s): 1946 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.3275 based on 'Valley' at 2021.12.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.3355 touched at 2021.12.16 with 80 pip Profit.
TP2 @ 1.3496 touched at 2021.12.29 with 221 pip Profit.
TP3 @ 1.3605 touched at 2022.01.11 with 330 pip Profit.
80 + 221 + 330 = 631 pip

Open Profit:
Profit for one trade is 1.3553(current price) - 1.3275(open price) = 278 pip
7 trade(s) still open, therefore total profit for open trade(s) is 278 x 7 = 1946 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.
DateJanuary 23, 2022 - 10:32
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.31700, resumption of uptrend is expected.
  • We make sure when the resistance at 1.40150 breaks.
  • If the support at 1.31700 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.3748 on 01/13/2022, so more losses to support(s) 1.3496, 1.3411, 1.3355 and minimum to Major Support (1.3170) 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 52.

Take Profits:

  1. 1.3355
  2. 1.3496
  3. 1.3605
  4. 1.3749
  5. 1.3837
  6. 1.4015
  7. 1.4240
  8. 1.4565
  9. 1.4825
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.