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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: 658 pip
Closed trade(s): 194 pip Profit
Open trade(s): 464 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.2638 based on 'Valley' at 2019.06.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.2695 touched at 2019.06.20 with 57 pip Profit.
TP2 @ 1.2775 touched at 2019.06.25 with 137 pip Profit.
57 + 137 = 194 pip

Open Profit:
Profit for one trade is 1.2696(current price) - 1.2638(open price) = 58 pip
8 trade(s) still open, therefore total profit for open trade(s) is 58 x 8 = 464 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.

DateSat, 06/29/2019 - 20:53
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.2475, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2965 breaks.
  • If the support at 1.2475 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.26045 on 2019-05-23 and the trough at 1.25055 on 2019-06-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.2505 on 06/18/2019, so more gains to resistance(s) 1.2775, 1.2865 and maximum to Major Resistance (1.2965) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 1.2695
  2. 1.2775
  3. 1.2865
  4. 1.2965
  5. 1.3170
  6. 1.3380
  7. 1.3655
  8. 1.3970
  9. 1.4345
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound vs. US Dollar (GBPUSD) new Sat, 16 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 9 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 2 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 26 Oct 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 19 Oct 2019