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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trade Setup
#GBPUSD
Total Profit: -2336 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2336 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 1.2583(current price) - 1.2874(open price) = -292 pip
8 trade(s) still open, therefore total profit for open trade(s) is -292 x 8 = -2336 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateDecember 15, 2018 - 21:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.26600 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the support #1 at 31 and it prevented price from more losses.
  • While the RSI downtrend #2 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 to support(s) 1.2345, 1.2155, 1.1990 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 40.

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.