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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: -410 pip
Closed trade(s): 0 pip Profit
Open trade(s): -410 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.2545 (day close price) based on 'Valley' at 2019.07.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Open Profit:
Profit for one trade is 1.2504(current price) - 1.2545(open price) = -41 pip
10 trade(s) still open, therefore total profit for open trade(s) is -41 x 10 = -410 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, 07/20/2019 - 15:55
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.2300, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2865 breaks.
  • If the support at 1.2300 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 1.2333 on 2019-07-27, 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 1.2380 on 07/17/2019, so more gains to resistance(s) 1.2560, 1.2655, 1.2775 and maximum to Major Resistance (1.2865) 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 44.

Take Profits:

  1. 1.2560
  2. 1.2655
  3. 1.2775
  4. 1.2865
  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) free Sat, 7 Dec 2019
British Pound vs. US Dollar (GBPUSD) Sat, 30 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 23 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 16 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 9 Nov 2019