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GBPAUD

GBPAUD - Bullish market structure ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.93000. Fundamental news: Next week on Wednesday we'll see results of yearly CPI on GBP and on Thursday Unemployment Rate on AUD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBP/AUD SHORT from 1.9429GBP/NZD has hit a line of recent resistance from last week and appears to be decling from this level. This level coincides with the Pivot Point Supertrend SELL signal. On the H2 time frame the RSI is well into over bought territory reading 76 and we're alos at the WM3 Pivot so all signs are that GBP/AUD BEARS will enter here and attempt to drive the price south. With recent high close by we can get a tight 22 pip STOP on to protect the trade. Target initially will be the WPP mid pivot at 1.9347 which is where the 200 EAM sits. RBA Governor Bullock speaks at 22:30 GMT so we would need to get this trade to break even or +ve in case of anything BULLISH coming from the Governor as this would send AUD higher.
Short
by forextraplaces
GBPAUD I Short from key level resistance and top of channelWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
7
GBPAUD | Daily | Trade IdeaAhead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing momentum” forming a consolidation which has lasted for the past few days from the 17th of January till today where it has been steadily trading sideways. With the RBA Interest rate decision underway we can expect GBPAUD to finally choose a direction and breakout of the current consolidation, and from my analysis I can expect the GBPAUD to break in an upward/bullish direction pushing towards our 1.97xxx level hence I’ll be looking to hold my current GBPAUD (BUY) positions for now which haven’t yielded much results thus far. Will be sharing more updates on GBPAUD towards the end of trading tomorrow or early Wednesday morning. Please take note that this analysis is comprised solely of my personal opinions and outlook of the current market and should not be mistaken for financial advice or indication to enter into a particular trade, please confirm with your own analysis first before entering any trades based on the information from the current chart.
Long
by mosa_moshka
GBPAUD H4 | Bearish continuationGBPAUD is falling towards overlap support and could potentially reverse off this level to drop lower. Sell entry is at 1.91997 which is an overlap support that aligns with 23.6% Fibonacci retracement. Stop loss is at 1.94217 which is a swing-high resistance. Take profit is at 1.89758 which is overlap support that aligns with 50% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Yemi_Fx1 | Bullish Setup on GBPAUD Happy New Month Friends and it's a beginning of another week for we all. TODAY'S Forecast on OANDA:GBPAUD Last week we experience a progression of price in the favor of the bulls which is as a result of the technicality(The nature of the market). The pair has been printing the impulse correction nature. Currently price is in the correction phase to make another momentum move to the upside. So my view on this is still bullish. Will be waiting for the validation of the area of value. If you found this helpful please support your fellow trader with a like Have a profitable days 💙
Long
by Yemi_Fx1
GBPAUD (and EURAUD) Looking at more upside to comeTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Likely more upside to come,let's see! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
GBPAUD: Technical Uptrend with Fundamental InsightsHey Traders, in the coming week we are monitoring GBPAUD for a buying opportunity around 1.93200 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.93200 support and resistance area. Now, let's delve into the fundamental aspect: Recent remarks from Huw Pill, the chief economist at the Bank of England, have stirred market interest. Pill hinted at the possibility of a shift in the central bank's stance regarding interest rates. His cautionary comments, particularly regarding geopolitical risks like those in the Middle East, suggest a nuanced approach to future rate decisions. This fundamental layer adds depth to our technical analysis, emphasizing the importance of monitoring central bank commentary alongside price action for strategic trading decisions.
Long
by JoeChampion
1
RBA meeting preview – transitioning away from a tightening bias Time: Tuesday at 14:30 AEDT With the Fed, ECB and BoE now having offered their guidance on policy and all largely pushing back on the pricing of imminent cuts, it’s the RBA who steps up as a risk event for traders on Tuesday. Like the aforementioned central banks, the timing and the extent of RBA rate cuts are the subject of much debate among local market participants - all with fairly strong and dispersed views on when the first cut plays out. What is more important to drive the reaction in the AUD or AUS200 are market expectations and what is being priced. The best way to measure these expectations is through the Aus 30-day interest rate futures, and these are the first derivative by which other markets (such as the AUD) will react to. As we from the table the central view from rates traders is there is very little chance of a 25bp cut at this meeting or the March meeting. The May RBA meeting is considered to be ‘live’ and while this pricing will move dynamically with supply and demand from market participants, there is currently a 56% probability of easing here, with June almost fully priced for a cut. I sit more in the June camp myself. By December ‘24 the market is torn between two or three 25bp cuts, with 64bp of easing priced. Another factor is the pricing of the trough in the cash rate, as this offers a sense of where the collective sees a neutral setting. Here we can look at the forward rates market and see this currently set between 3.50% and 3.25% in 2 years’ time. A 3.5% floor in the cash rate would be conditional on the economy avoiding a recession, where a recessionary environment would require a more accommodative stance and the cash rate likely pulled below 2%. The reaction in the AUD While the RBA won't cut the cash rate at this meeting, the reaction in markets will come from the tone of the RBA statement and any change in the wording that gives a sense of whether there is any appetite to ease from May or June. While cumulative pricing in Aussie rates is certainly nowhere near as aggressive as what we see in the tradable US or EUR interest rate markets, if the market sees no tangible evidence the bank is prepared to cut then May rate cut pricing will be pared back and the AUD should spike higher. Positioning, specifically from fast money leverage funds (e.g. hedge funds), will also play a critical role in the extent of the move to the tone of the statement, and flow reports from investment banks suggest these players running a sizeable AUD short position, albeit not at extreme levels. Given the trend in both headline and core inflation, along with subdued growth and stalling house price momentum, the RBA will almost certainly lose its hawkish bias in the meeting statement. However, they will likely be non-committal and adopt a clear wait-and-see bias. This should loosely put a cut on the table as early as May, but it will be highly conditional on the outcome of the following data points: Wage price index (21 Feb), monthly CPI reports (28 Feb, 27 March), Q1 CPI (24 April), employment reports (15 Feb, 21 March, 18 April) and Q4 GDP (6 March). Certainly, the Q1 CPI is the marquee data point that could decide a May cut, and the RBA would want to see inflation falling below 3.5%. The RBA would also require an unemployment rate above 4% (currently 3.9%) and trending higher to ease. A big day for the AUD It's worth considering that as well as the RBA statement we get the SoMP (Statement on Monetary policy) at the same time, and there will likely be changes to the bank's economic projections – that could put the market on notice. Also, an hour later (15:30 AEDT) RBA Governor Bullock will hold a press conference – this will be important for traders to react to. Gov Bullock will be probed on the broad appetite to cut and once again the reaction in the AUD and AUS200 will be driven by nuance and her urgency to normalize relative to the rates pricing. In theory, the meeting should be a low-volatility affair, with the bank moving to a more neutral setting and welcoming the moves lower in inflation but refraining from saying their work is done. It is still an obvious risk though for AUD exposures, so do consider position sizing over the event and consider where you see the skew in risk. As we move into the meeting AUDUSD is tracking a range of 0.6625 to 0.6550 – a break of this range could be quite powerful. Sentiment towards global risk assets is a contributing factor but as I say, around the meeting how the RBA are seeing things relative to market pricing will likely be the driving factor.
by Pepperstone