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
Trade Setup

#GBPUSD
Total Profit: 3785 pip
Closed trade(s): 197 pip Profit
Open trade(s): 3588 pip Profit

Trade Setup:
We opened 14 BUY trades @ 1.08845 based on 'Valley' entry method at 2022-09-28.

Closed Profit:
TP1 @ 1.10821 touched at 2022-09-29 with 197 pip Profit.

Open Profit:
Profit for one BUY trade is 1.11613(current price) - 1.08845(open price) = 276 pip
13 trade(s) still open, therefore total profit for open trade(s) is 276 x 13 = 3588 pip

#GBPUSD
Total Profit: 4122 pip
Closed trade(s): 1086 pip Profit
Open trade(s): 3036 pip Profit

Trade Setup:
We opened 14 BUY trades @ 1.08845 based on 'Valley' entry method at 2022-09-28.

Closed Profit:
TP1 @ 1.10821 touched at 2022-09-29 with 197 pip Profit.
TP2 @ 1.12588 touched at 2022-10-03 with 374 pip Profit.
TP3 @ 1.14000 touched at 2022-10-04 with 515 pip Profit.
197 + 374 + 515 = 1086 pip

Open Profit:
Profit for one BUY trade is 1.11613(current price) - 1.08845(open price) = 276 pip
11 trade(s) still open, therefore total profit for open trade(s) is 276 x 11 = 3036 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.

DateOctober 1, 2022 - 14:17
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.03265, beginning of uptrend is expected.
  • We make sure when the resistance at 1.14000 breaks.
  • If the support at 1.03265 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.03265 on 09/26/2022, so more gains to resistance(s) 1.12588 and maximum to Major Resistance (1.14000) 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 42.

Take Profits:

  1. 1.10834
  2. 1.12588
  3. 1.14000
  4. 1.17350
  5. 1.19355
  6. 1.22795
  7. 1.26521
  8. 1.29757
  9. 1.31600
  10. 1.36420
  11. 1.42460
  12. 1.45650
  13. 1.48250
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