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British Pound / Australian Dollar

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GBPAUD trade ideas

GBP/AUD Analysis: Anticipating a Bullish InitiativeFollowing our previous analysis, the GBP/AUD pair continues to reside within our identified area of attention, particularly around a key Demand area. This area has been filled, and the price has reacted with an initial reversal. Currently, the price hovers around 1.9015, a level of significant interest for several reasons. Firstly, the COT report reveals that a majority of institutional positions are on the long side. This indicates strong interest from major market players in the upside potential of the GBP/AUD pair, adding credibility to our bullish outlook. Secondly, our seasonality analysis further supports the case for a bullish initiative. Historically, during this part of the year, the GBP/AUD pair tends to experience growth. This seasonal tendency aligns well with our technical and fundamental observations, providing an additional layer of confidence in our analysis. From a technical perspective, the initial reversal from the Demand area suggests that buyers are stepping in at this level, supporting the price and preventing it from falling further. This Demand area, around 1.9015, serves as a crucial support zone where buying interest outweighs selling pressure. In light of these factors, we are actively looking for a bullish initiative. Our strategy involves monitoring the price action for further confirmation of the bullish trend. Key indicators to watch include higher lows and higher highs on shorter time frames, as well as supportive volume patterns that indicate sustained buying interest. We are also paying close attention to any news or events that could impact the GBP/AUD pair, including economic data releases and geopolitical developments. These factors could provide additional catalysts for the anticipated upward movement. In summary, with institutional support, favorable seasonal trends, and technical signals aligning, we are poised to capitalize on the bullish potential of the GBP/AUD pair. We will be looking for optimal entry points to enter long positions, aiming to benefit from the expected price appreciation in the coming weeks. ✅ Please share your thoughts about GBP/AUD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
GBP/AUD ready to start a big move(7/2/2024)GBP/AUD has been trapped between a correction trendline and a support zone. Because of that the price moves back and forth in a tight range. If the price manages to break the correction line, this will lead the price into the 1.91 zone. Also, the price has completed a 5-wave impulse before, so any break above the correction line will start a new 5-wave impulse move. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
GBPAUD created a new LH on a resistance level, 2hrAs we can see on the chart above GBPAUD has been in a bearish trend and respecting the trendlines resistance and its support. And as we can see now that we have created a LH in the trend and we are hopefully going to push below if we are to respect our setup. Previously we have been having a lot of selling momentum. But if we are to sell we will reach the previous LL the pair will create new LL on the trend support structure. But If we are to cross the orange trend in 1.90480 which is our previous LH we will go for buying opportunities. So far all indications are showing that sellers are in control and more selling opportunities are to come and possibly more if we break the LL.
Short
by AnalysisExpert
3
Bullish rise?GBP/AUD has just bounced off the pivot which acts as a pullback support and could potentially rise to the 1st resistance. Pivot: 1.8916 1st Support: 1.8869 1st Resistance: 1.9060 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPAUD Under Pressure! SELL! My dear followers, This is my opinion on the GBPAUD next move: The asset is approaching an important pivot point 1.9288 Bias - Bearish Safe Stop Loss - 1.9348 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.9190 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Lingrid | GBPAUD trend CONTINUATION Short OpportunutyThe price perfectly fulfilled my last idea. It hit the target zone.The market has dropped from the resistance zone, marked by a series of lower lows and lower closes. FX:GBPAUD has broken through the significant level of 1.91000, and currently, it's pulled back to this level. Looking left, we can see that the market formed an impulsive move from the resistance area previously. I expect the market may replicate this pattern, potentially breaking above Wednesday's high and then initiating a bearish trend taking liquidity above. My goal is the support the level at 1.89840 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
8