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GBP/AUD

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GBPAUD.10 trade ideas

GBPAUD -UK will continue its economic growth?!The GBPAUD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of upward correction, we can see the supply zone and sell within that zone with appropriate risk reward. The International Monetary Fund (IMF) has forecast that Asia’s economy will grow by 4.6% in 2024 and by 4.4% in 2025. Downward price pressures from China could impact countries with similar export structures and lead to trade tensions. The UK Debt Management Office (DMO) plans to auction £59.2 billion in conventional long-term government bonds in the fiscal year 2024-2025. According to the DMO, the net issuance of government bonds for this fiscal year is projected to reach £296.9 billion. Meanwhile, the Office for Budget Responsibility (OBR) has indicated that the previous government did not provide all necessary information, and if it had, their spring budget forecast would have been significantly different. OBR forecasts suggest that the consumer price index (CPI) will reach 2.6% in 2025 (compared to the 1.5% forecast in March), 2.3% in 2026 (March forecast 1.6%), 2.1% in 2027 (March forecast 1.9%), 2.1% in 2028 (March forecast 2.0%), and 2.0% in 2029. The forecasts also project GDP growth of 2.0% in 2025 (March forecast 1.9%), 1.8% in 2026 (March forecast 2.0%), 1.5% in 2027 (March forecast 1.8%), 1.5% in 2028 (March forecast 1.7%), and 1.6% in 2029. Reeves, the UK Chancellor, stated that there will be more plans aimed at boosting economic growth. Yesterday, the UK sold £2.25 billion in bonds maturing in 2053, with a bid-to-cover ratio (B/C) of 3.15, up from the previous 3.08. The average yield on these bonds was 4.831%, higher than the previous yield of 4.735%.
Short
by Ali_PSND
GBPAUD Completes Same Harmonic Pattern TwiceGBPAUD Completes Same Harmonic Pattern Twice GBPAUD has completed a bearish harmonic pattern for the second time near a strong daily zone. This area has previously pushed the price down multiple times. Additionally, this week, the Reserve Bank of Australia (RBA) sent a hawkish message regarding its economy, supporting AUD strength. Although the impact was not immediate, it may support AUD in the coming days. GBPAUD is expected to reach 1.9600 as a minimum correction, with the second target at 1.9400 and the third at 1.9200. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
13
GBP/AUD: Bulls Hit the Brakes, Bears Gear Up for a Drop!Alright, fam, let’s break down GBP/AUD on this Thursday afternoon. We’re looking at a strong move up that’s been grinding higher, but it’s run into some resistance near that 1.9889 weekly level. This is a significant area to watch since it aligns with previous rejections on the weekly. On the daily chart, we’ve got a rejection candle forming just below the weekly resistance, signaling some potential exhaustion on the bull side. The daily 21 EMA has been trailing upward, showing continued bullish momentum, but with price tapping resistance, we could be setting up for a pullback if the bulls can’t keep the pressure. Ideally, I’d look for confirmation of bearish pressure around 1.9689 (a daily resistance), seeing if the price will fall below it, possibly aiming for the next support around 1.9503 or even 1.9365 on a deeper pullback. On the 4-hour, it’s showing a potential short setup if we break down below the 1.9624 area, as that aligns with a trendline break and lower timeframe structure shift. I’m looking for a retest of this zone if we get the breakdown, with potential entries around 1.9630 with a target down to 1.9503. Remember, wait for confirmation before pulling the trigger; let the price show you that it’s ready to drop before hopping in.
Short
by SheenaL
GBPAUD Is Bearish! Sell! Take a look at our analysis for GBPAUD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.973. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.953 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
A Good Opportunity To Take A Calculated RiskLooking at the 4Hr timeframe, a more responsible timeframe to look out to in a Day trade of a bullish currency pair, the last long green candle evolves from the last created support without fully filling the fair value gap, thereby making that very support zone a liquidity. Filling the gap to the immediate demand zone below is just the work of the sellers and can be seen as the pullback. In other words, a lower timeframe is required to see clearly the structures produced by the buyers, ofwhich placing your entry on the last created and unmitigated structure, and your stop loss slightly below the higher low minimizes your risk and maximizes the return. An instance on the 30Min timeframe of GBPAUD, same timeframe where the liquidity is clearly visible as well, when the pullback breaks through the trend line(liquidity) into the demand zone, the uptrend just irresistibly continues until it makes a new higher high. Remember if you can't see the liquidity, then you're the liquidity. Peace 🕊️💯
Long
by Samchi01
2