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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. US Dollar technical chart
Symbol GBPUSD

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Trade Setup
#GBPUSD
Total Profit: 290 pip
Closed trade(s): 290 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.2955 (day close price) based on 'Valley' at 2019.01.22.

Closed Profit:
TP1 @ 1.3000 touched at 2019.01.23 with 45 pip Profit.
TP2 @ 1.3200 touched at 2019.01.25 with 245 pip Profit.
45 + 245 = 290 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2855 to 1.2695). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.2855)
    • Support on 08/28/2018
    • Support on 08/29/2018
    • Support on 09/03/2018
    • Support on 10/24/2018
    • Resistance on 11/16/2018
    • Resistance on 11/19/2018
    • Resistance on 11/20/2018
    • Resistance on 11/26/2018
    • Resistance on 11/28/2018
    • Resistance on 11/29/2018
    • Resistance on 01/11/2019
    • Resistance on 01/14/2019
    • Support on 01/17/2019
    • Support on 01/18/2019
    • Support on 01/21/2019
    • Support on 01/22/2019
    • Support on 02/07/2019
  • Ending of entry zone (1.2695)
    • Resistance on 12/01/2016
    • Resistance on 12/07/2016
    • Resistance on 12/08/2016
    • Resistance on 12/12/2016
    • Resistance on 12/13/2016
    • Resistance on 12/14/2016
    • Resistance on 02/02/2017
    • Support on 06/09/2017
    • Support on 06/15/2017
    • Resistance on 06/21/2017
    • Resistance on 06/22/2017
    • Support on 08/14/2018
    • Support on 08/15/2018
    • Support on 08/17/2018
    • Trough on 10/30/2018
    • Support on 10/30/2018
    • Support on 10/31/2018
    • Support on 12/03/2018
    • Support on 12/04/2018
    • Support on 12/05/2018
    • Support on 12/06/2018
    • Resistance on 12/13/2018
    • Resistance on 12/18/2018
    • Resistance on 12/20/2018
    • Resistance on 12/21/2018
    • Resistance on 12/28/2018
    • Support on 01/07/2019
    • Support on 01/08/2019
    • Support on 01/09/2019
    • Support on 01/15/2019

DateSat, 02/09/2019 - 23:05
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2475 would begin in Midterm.

Technical analysis:

  • While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.3220 on 01/25/2019, so more losses to support(s) 1.2920, 1.2855, 1.2695 and minimum to Major Support (1.2475) 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 50.

Take Profits:

  1. 1.3000
  2. 1.3200
  3. 1.3430
  4. 1.3655
  5. 1.3970
  6. 1.4345
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound vs. US Dollar (GBPUSD) Sat, 13 Apr 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 6 Apr 2019
British Pound vs. US Dollar (GBPUSD) Sat, 30 Mar 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 23 Mar 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 16 Mar 2019