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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trade Setup
#GBPUSD
Total Profit: -1200 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1200 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.2874 (day close price) based on 'Valley' at 2018.11.22 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 1.2725(current price) - 1.2874(open price) = -150 pip
8 trade(s) still open, therefore total profit for open trade(s) is -150 x 8 = -1200 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateDecember 10, 2018 - 08:29
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.26600, beginning of uptrend is expected.
  • We make sure when the resistance at 1.29200 breaks.
  • If the support at 1.26600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.2725 on 11/15/2018, so more losses minimum to Major Support (1.2660) 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.

Supports and Resistances:

  1. 1.4345
  2. 1.3970
  3. 1.3720
  4. 1.3515
  5. 1.3300
  6. 1.3040
  7. 1.2920
  8. 1.2775
  9. 1.2345
  10. 1.2155
  11. 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.