Please this is not a financial advise rather its an aid to point you to the possible direction!
GBPAUD - 21h expiry - We look to Buy at 1.7875 (stop at 1.7805) Previous support located at 1.7900. Previous resistance located at 1.8000. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward is good to call a buy from current levels. A move through 1.8000 will confirm the bullish momentum. Our profit targets will...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
Hey traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.771 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level. That should be considered a short-term opportunity by itself towards the top of...
I think it's pretty clear it's going in a downtrend. I feel like it will go down to the trend line below because it has been tested multiple times before. It overall looks like a triangle pattern as well. In a lower time frame such as 1 minute you can spot a head and shoulders pattern in current time.
Technical Analysis Chart Update GBP / AUD ( British Pound / U.S Dollar ) Time Frame - H4 According to Pattern we have FALLING WEDGE It is at Daily Support Level and completing Corrective Waves " ABC " If it Breaks the Upper Trend Line then Long Term Buy We have Buying Divergence in #RSI
There is a possibility of correction in the four-hour period, although the trend is upward in higher periods.
If GA can't hold 1.69 ...likely more downside to come... *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
GBPAUD - Intraday - We look to Buy at 1.7000 (stop at 1.6930) Previous support located at 1.7000. Previous resistance located at 1.7100. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7000, resulting in improved risk/reward. A move through 1.7100 will confirm the bullish momentum. Our profit targets will be...
OANDA:GBPAUD R1:3 147 pips profit simple entry focused on the fibonacci zone between 0.76 and 0.61, using also the basic patterns of a downtrend, the entry was opened with order block strategy Any questions about the entry, ask me
British Pound/Australian Dollar was able to make a Falling wedge & Inverse Head and Shoulder near the Heavy Support zone!!! British Pound/Australian Dollar can touch at least the upper line of the falling wedge in the next few days. Also, we can see the Regular Divergence (RD+) between Price and MACD Indicator. 🔅British Pound/Australian Dollar Analyze (GBPAUD)...
GBPAUD is long for me, we took out the liquidity and now we could see a potential move to the upside. Also we have CHoCH and have filed the imbalance on the 1H TF. What do you guys think?
The GBPAUD pair has started the week on a strong note, with the current 1W candle being the longest green (so far) since September 21 2020. That shows incredible buying sentiment especially following a 1W MACD Bullish Cross and the 1W RSI being on Higher Lows since April 04 2022. When the price is on Lower Lows, as is the case now, this is a Bullish Divergence...
Looking at the calendar for the coming week, Aussie wages and employment, and UK CPI jump out as event key risks and potential price catalysts. You can see the expectations in the calendar, but one should consider how they will affect rates pricing and how this impacts the FX markets. As it stands the market feels on balance that we’ll get a 50bp hike from both...
Looks like we are in a corrective wave. The wave before this was an ABC zig zag. We are on the bottom side of the MAC D at a strong support level. I know this looks like a bearish rectangle. However, usually there is a breakout to either the upside or downside towards the end of a corrective wave. In this area price has bounced in a range about 5 times since the...
GBP/AUD looks bearish on a higher time frame, crossing all the moving averages and we can see a daily bearish engulfing developing, which is a great indicator to confirm selling bias. On the 1-hour TF, a bearish engulfing is forming, and if it closes as it is, we will have a new H1 low. Talking about fundamentals, there is no big impact news today for both...