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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF
Trade Setup

#GBPCHF
Total Profit: 7791 pip
Closed trade(s): 2580 pip Profit
Open trade(s): 5211 pip Profit

Trade Setup:
We opened 15 BUY trades @ 1.08245 based on 'Valley' entry method at 2022-09-29.

Closed Profit:
TP1 @ 1.09905 touched at 2022-09-30 with 166 pip Profit.
TP2 @ 1.10900 touched at 2022-10-03 with 265 pip Profit.
TP3 @ 1.12064 touched at 2022-10-03 with 381 pip Profit.
TP4 @ 1.12983 touched at 2022-10-13 with 473 pip Profit.
TP5 @ 1.14177 touched at 2022-10-25 with 593 pip Profit.
TP6 @ 1.15271 touched at 2022-10-28 with 702 pip Profit.
166 + 265 + 381 + 473 + 593 + 702 = 2580 pip

Open Profit:
Profit for one BUY trade is 1.14036(current price) - 1.08245(open price) = 579 pip
9 trade(s) still open, therefore total profit for open trade(s) is 579 x 9 = 5211 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.
  • If the Midterm level 1.08950 is broken, we will close open trades.
DateJanuary 29, 2023 - 22:15
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.08950, resumption of uptrend is expected.
  • We make sure when the resistance at 1.15545 breaks.
  • If the support at 1.08950 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.08950 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A trough is formed in daily chart at 1.10955 on 12/30/2022, so more gains to resistance(s) 1.14177 and maximum to Major Resistance (1.15545) 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 59.

Take Profits:

  1. 1.09905
  2. 1.10900
  3. 1.12064
  4. 1.12998
  5. 1.14177
  6. 1.15545
  7. 1.17204
  8. 1.18984
  9. 1.20076
  10. 1.22953
  11. 1.24464
  12. 1.25975
  13. 1.28095
  14. 1.34200
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Swiss Franc (GBPCHF) Sun, 14 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sun, 7 Apr 2024
British Pound / Swiss Franc (GBPCHF) Sat, 30 Mar 2024
British Pound / Swiss Franc (GBPCHF) Sun, 24 Mar 2024
British Pound / Swiss Franc (GBPCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPCHF.