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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP
Trade Setup

#EURGBP
Total Profit: -402 pip
Closed trade(s): 48 pip Profit
Open trade(s): -450 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.8639 based on 'Downtrend Break Up' entry method at 2021.04.07.

Closed Profit:
TP1 @ 0.8687 touched at 2021.04.09 with 48 pip Profit.

Open Profit:
Profit for one trade is 0.8549(current price) - 0.8639(open price) = -90 pip
5 trade(s) still open, therefore total profit for open trade(s) is -90 x 5 = -450 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.
DateDecember 4, 2021 - 23:16
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.83820, resumption of uptrend is expected.
  • We make sure when the resistance at 0.86610 breaks.
  • If the support at 0.83820 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.8383 on 11/23/2021, so more gains to resistance(s) 0.8590 and maximum to Major Resistance (0.8661) 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 60.

Take Profits:

  1. 0.8687
  2. 0.8785
  3. 0.8860
  4. 0.8940
  5. 0.9000
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / British Pound (EURGBP) Sun, 14 Apr 2024
Euro / British Pound (EURGBP) Sat, 6 Apr 2024
Euro / British Pound (EURGBP) Sat, 30 Mar 2024
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
Euro / British Pound (EURGBP) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURGBP.