GBPAUD
GBPAUD potential sell setup & updateAs per our last analysis on GBPAUD we are still Bullish on the pair, however, we are keen to see price break below the 4h low to look for buy opportunities, currently I am waiting for price to push up to my area of interest so I can look for selling opportunities to continue price lower where we will eventually be looking for buying opportunities.
Remember, Clear charts better vision
GBPAUD buy Trade IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being:
- BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value
- AUD are trade partners with China who are experiencing significant economic instability
- COT traders are 57% long on GBP (+2.14% compared to last week)
- COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week)
- Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book)
This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD.
I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar.
The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool.
If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of.
Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
GBPAUD Breakout Trendline: Long-Term Bullish ConfirmationThe GBPAUD pair shows signs of a significant trend shift after successfully breaking out of a long-term resistance trendline formed since 2001. Based on trendline analysis, the price consistently experienced pullbacks whenever it touched the resistance line. This pattern is illustrated on the chart with blue arrows indicating previous pullback areas.
In the most recent movement, the price has successfully broken out of this resistance trendline, signaling a potential trend reversal from bearish to bullish. The breakout is marked on the chart with an orange box, followed by a retest marked with a green arrow, further solidifying the breakout zone as a key confirmation.
Breaking through the major resistance signifies a significant change in market dynamics, where buying pressure has overcome the previously dominant selling pressure. Breakouts often trigger short-covering by sellers and attract buying interest from other traders, creating bullish momentum. The broken resistance area typically transforms into new support, providing a strong foundation for the continuation of the upward trend.
After the breakout from the resistance area, the first bullish target is at the 2.05 resistance level, with further bullish potential towards the psychological level of 2.22. In a more optimistic scenario, the price could continue rising to the next long-term resistance at 2.40.
To anticipate a false breakout, a stop loss can be placed below the 1.70 level or below the trendline. If the price moves back below the trendline, it would indicate a failed breakout and a potential continuation of the bearish trend.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always practice good risk management in every trading decision.
#GBPAUD 1DAYGBPAUD Daily Analysis
The GBPAUD pair is trading near the resistance line of an uptrend channel on the daily chart, suggesting a potential reversal or correction from this level. The channel resistance indicates strong selling pressure, making it a key area to watch for bearish setups.
Technical Outlook:
Pattern: Uptrend Channel Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the channel resistance through bearish price action signals, such as a bearish engulfing candlestick or a double top pattern.
Traders should use indicators like RSI to check for overbought conditions or MACD for divergence that signals weakening bullish momentum. Apply proper risk management by placing stop-loss orders above the channel resistance and setting profit targets at key support levels within the channel.
Bearish to Bullish Play for the Week on GbpAudAfter thorough analysis through each timeframe I have concluded that GA is Bullish on a Weekly Level after my Weekly Red Trendline broke for a 2nd time to the upside, with that in mind in the 1hr-4hr TF it has broke my blue trendline to the bearish side suggesting a possible retest to the Inbalance around 1.96700-1.96500, only way I would change my bearish outlook from current price is if we break thru 1.99200 to the bullish territory. If the sell plays out turning into a buy midweek closing the week out around 1.98500-1.99000 it would make a weekly doji building up for next weeks play.. BUT let’s see if we can catch this weeks play 1st lol.. may the markets be on our side !
GBPAUD Analysis And Next Market MovePair Name = GBPAUD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPAUD has completed the retesting period. Now her getting a good volume. Expecting here 200 Pips + gain
GBP is getting stronger day by day. Getting good bounce from this support level.
Bullish Target:-
2.050
2.040
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.969 area.
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Update levels on GBPAUD 11.12.24According to the previous analysis, a lot has changed, although we can still consider the top as a double top, but the whole formation seems to be more of a head and shoulders. I am currently following two long scenarios, in case the price breaks through or holds 1.960000, if it falls below 1.928963, then I would start thinking about a short position with a target below we have enough of them so we'll see
GBP/AUD "Pound vs Aussie" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : You can enter a trade after the breakout of black MA 2.00230
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 2.03000
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GBPAUD next possible moveYou already have all the tools you need to be profitable in trading. But:
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Now, think about this: how much time do we waste every day, in our 24 hours, on activities that add nothing to our progress toward our goals?
Time is our most precious resource. Unlike money, which can be earned again, lost time is gone forever.
So, what will you do with your time starting today? The decision is yours. ⏳
GBPAUD Selling Trading IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPAUD I Correction and more potential growthWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPAUD: 600+ pips, possible big move happening soon! Dear Traders,
We have an excellent selling opportunity coming up where we can see price dropping in no time, and can help us gain few hundred pips. We hoping for this trade to be completed in two weeks time. Please watch the price carefully. Thank you.
GBPAUD Massive Long! BUY!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9840
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9916
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPAUD - Employment in Australia is at good levels!The GBPAUD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of failure of this channel, we can see the demand zone and buy within that zone with appropriate risk reward. Continuing to move in the channel will pave the way for this currency pair to rise to the supply zone. Within the supply zone can look for GBPAUD sell positions.
1. Renewable Energy in the UK:
British ministers are preparing for the largest renewable energy subsidy auction in the country’s history to achieve the challenging goal of generating clean electricity by 2030. Ed Miliband, the Energy Secretary, is set to launch the “2030 Clean Electricity Action Plan” today, aiming to decarbonize the power system by the end of the decade. A recent auction secured funding for 131 clean energy projects, guaranteeing 9.6 gigawatts of energy capacity, enough to power 11 million homes. Government officials plan to hold the largest auction to date by 2025 to meet the 2030 target of at least 95% low-carbon electricity.
2. Trump’s Proposed Tariffs:
According to a Reuters survey, most economists believe that Trump’s proposed tariffs would have minimal impact on the UK economy. The survey revealed that the Bank of England is likely to cut interest rates by 100 basis points by 2025, with reductions probably occurring quarterly at 25 basis points each. Additionally, all 71 economists surveyed predicted that the central bank would hold the interest rate steady at 4.75% during its December 19 meeting.
3. Challenges in AI Oversight:
The UK is facing challenges in its efforts to expand global oversight of artificial intelligence. The country aims to strengthen its “Artificial Intelligence Safety Institute” (AISI) and solidify its position as a leading institution in researching AI risks. However, plans to open a new office in San Francisco have been delayed due to elections in the US and the UK, as well as hiring challenges.
4. London’s IPO Market Decline:
The London Stock Exchange, once a leading and prestigious center for initial public offerings (IPOs), has now fallen to 20th place among global markets, recording none of the top 100 IPOs in 2024. Markets like Oman, Malaysia, and Luxembourg have outperformed London in attracting IPO capital. The outflow of companies from the London Stock Exchange has also risen, exacerbated by 41 consecutive months of capital outflow from UK equity funds, increasing pressure on market brokers to merge or sell.
5. Australia’s Unemployment Rate:
Australia’s unemployment rate in November dropped to its lowest level in eight months, while employment continued its strong growth trend. This surprising strength led markets to reassess the likelihood of a rate cut in February, following the Reserve Bank of Australia’s unexpected dovish shift that hinted at potential monetary easing. Data from the Australian Bureau of Statistics showed that the unemployment rate fell from 4.1% in October to 3.9% in November, the lowest since March. Analysts had expected unemployment to rise to 4.2%. The participation rate declined from 67.1% to 67.0%. Net employment in November increased by 35,600 compared to a revised figure of 12,200 in October, exceeding market expectations of a 25,000-job gain, driven largely by full-time employment growth.