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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.4145 to 1.4345). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.4145)
    • Peak on 02/16/2018
    • Resistance on 02/16/2018
    • Resistance on 02/05/2018
    • Support on 02/01/2018
    • Resistance on 01/29/2018
  • Ending of entry zone (1.4345)
    • Resistance on 01/25/2018
    • Support on 06/06/2016
    • Support on 05/16/2016
    • Support on 05/13/2016
    • Resistance on 04/21/2016
    • Peak on 04/14/2016
    • Peak on 04/13/2016
    • Peak on 04/12/2016
    • Resistance on 04/12/2016
    • Support on 02/08/2016
    • Resistance on 01/22/2016
    • Resistance on 01/19/2016
    • Trough on 06/09/2010
    • Trough on 06/08/2010
DateMarch 10, 2018 - 23:47
Currentuptrend
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 1.35850 breaks.
  • If the resistance at 1.43450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.3930 on 03/06/2018, so more losses to support(s) 1.3765, 1.3655, 1.3440 and more depths 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 47.

Take Profits:

  1. 1.3980
  2. 1.3765
  3. 1.3655
  4. 1.3440
  5. 1.3280
  6. 1.3170
  7. 1.3025
  8. 1.2770
  9. 1.2625
  10. 1.1990
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.