GBPAUD: Australia will continue its economic growth?!The GBPAUD is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of upward correction, we can see the supply zone and sell within that zone with appropriate risk reward.
The breaking of the upward trend line will pave the way for this currency pair to fall to the demand zone. In this demand zone we can open GBPAUD buy positions.
The Fitch rating agency has reaffirmed Australia’s AAA credit rating with a stable outlook, even as it highlighted the country’s higher debt levels compared to similarly rated peers. Fitch stated that Australia remains committed to fiscal sustainability rules, which have contributed to nearly 30 years of economic expansion before the pandemic.
Jim Chalmers, Australia’s Treasurer, warned that a potential victory for Donald Trump in the U.S. elections could create short-term economic pressures for Australia, manifesting as lower production and increased inflationary pressures. Chalmers also mentioned that Australia is prepared to face potential challenges from a Trump administration.
Chalmers, revealing Treasury’s modeling results that took a Trump victory into account, indicated that there could be a slight decrease in output and additional price pressures. However, the characteristics of Australia’s economy provide it a relative advantage compared to other countries.
Meanwhile, Barclays has revised its forecast and now expects the Bank of England (BOE) to keep the bank rate unchanged in December. This change is due to BOE’s more cautious tone and its emphasis on uncertainty and gradual policy moves. Barclays also anticipates that the BOE will reduce interest rates in several 25-basis-point increments over the next year, ultimately bringing the terminal rate to 3.50%.
Bloomberg reported that Rachel Reeves, the UK’s Chancellor of the Exchequer, is facing serious challenges just 10 days after presenting her first budget. Rising borrowing costs and weaker economic growth have strained her £9.9 billion fiscal space set aside for her “stability” rule, which mandates that day-to-day expenses should be covered by taxes by 2029-30. Reeves now risks falling short of the Labour Party’s election promise to hold only one fiscal event per year and may need to secure additional funding before the 2025 budget.
GBPAUD trade ideas
GBPAUD - 4hrs ( Sell Trade Target Range 240 PIP ) 🟢 Pair Name :GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
1.95600 Area
Reasons
- Major Turn level
- Visible Range Hvn
- inner Choch
- Fibo Golden
- Quarter High
Bullish Reversal
1.93100 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Target
- Choch Area
- Fixed Range lvn
GBPAUD, Bearish Channel with Support Broken, New Lows ExpectedTrade Plan 1
Bearish Channel
Channel Top Retest
Weekly support broken
Trading towards channel Bottom
Short Sell at CMP
SL @ 1.9654
Target at channel bottom
Trade Plan 2
Bullish Flag
Bullish Continuation expected on flag breakout
wait for strong breakout
Buy long position
Buy @ breakout
Target 2.0000
GBP/AUD Continues in Strong DowntrendTechnical analysis of the GBP/AUD pair across multiple time frames, including weekly, daily, and 4-hour charts, indicates a clear and sustained downtrend, despite a lack of major fundamental news. The consistent lower highs and lower lows across these charts support the continuation of this downtrend.
GBPAUD I am look for down trend moving (Daily Analysis)Price may move up to 1.414 area then down
Reason
1.4HR MACD4C struggling at zero line
2.MACD moving to positive and signal line still positive at4HR timeframe
3. Daily Timeframe MACD positive, AO and MACD4C bar moving up
OR
Continue Down trend if break 1.934
Reason
1. 4HR MACD4C and AO divergent
2. MACD signal near to zero and may return to negative
3. Daily Chart Pattern (FIBONANCHI reversal level - Down Trend)
GBPAUD BMS and SMS - pullback continuation before the buyThe market has shown an SMS in the 5M TF , The market May continue to complete the original move of analysed to finish the take out of last weeks Fridays Asian range.
This downwards move may be again completed during Asian range and then we can expect in either the london or new York session for the market to trend
GBPAUD: Bullish Forecast & Outlook
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPAUD pair price action which suggests a high likelihood of a coming move up.
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GBPAUD Possible Long position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
GBP/AUD SHORT FROM RESISTANCE
Hello, Friends!
GBP-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.925 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/AUD pair.
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PLAN A : Bull Traders
PLAN B : Bear Traders
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Stop Loss 🛑: Recent Swing Points using 2h timeframe
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gbpaud asian range possibility for the upside 15m TFmy previous chart shows what I think will happen from a 4hr perspective, however there is a likelihood that the market could first drop to the previous asian high/low session before it moves up. this may take place over night, but there are buy opportunities to be had.
gbpaud asian range possibility for the upside 15m TFmy previous chart shows what I think will happen from a 4hr perspective, however there is a likelihood that the market could first drop to the previous asian high/low session before it moves up. this may take place over night, but there are buy opportunities to be had.