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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trade Setup

#GBPUSD
Total Profit: 287 pip
Closed trade(s): 0 pip Profit
Open trade(s): 287 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1.3749 based on 'Close below major support' entry method at 2021.03.23.

Open Profit:
Profit for one trade is 1.3749(open price) - 1.3708(current price) = 41 pip
7 trade(s) still open, therefore total profit for open trade(s) is 41 x 7 = 287 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateApril 11, 2021 - 00:08
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.43450 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.3920 on 04/06/2021, so more losses to support(s) 1.3655, 1.3480, 1.3200 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 41.

Take Profits:

  1. 1.3655
  2. 1.3480
  3. 1.3200
  4. 1.2695
  5. 1.2250
  6. 1.1960
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) new 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.