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British Pound / Australian Dollar

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GBPAUD trade ideas

GBPAUD Massive Long! BUY! My dear friends, Please, find my technical outlook for GBPAUD below: The instrument tests an important psychological level 1.9388 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 - 1.9585 Recommended Stop Loss - 1.9274 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
GBPAUD1.GBPAUD has been dropping very hard for the pas few days. 2.It had to make a correctional move before another massive uptrend. 3.The correctional move(PullBack) was successsful. 4.The price tapped into the flip zone a muiltiple times, forming resistance on that flipzone(Demand). 5.Now the price gave us an 4H bullish candlestick closure, moving away from the flip zone, which shows buyers gaining dominance in the market. 6.Now we buy GBPAUD up until to the last High before the major drop
Long
by Hyper_fxt
1
GBPAUD shortsI believe that GBPAUD is due for sells today. Here is why; Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders. There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future. Moreover, there is a lower low formed on the 4h timeframe which shows me that price will continue going lower. I am currently in a short trade. I am expecting price to collect orders at 1.9370, where I will sell again. My targets are 1.9300
Short
by allan_mwenja2000
Anticipating GBP/AUD Pullback: short term Fundametnal Analysis: United Kingdom shows stronger economic performance compared to Australia. The UK's GDP growth rate is higher at 0.7% versus Australia's 0.1%, and its annual GDP growth is positive at 0.3% compared to Australia's 1.1%. Inflation in the UK is under better control at 2% compared to Australia's 3.6%, with a lower month-on-month increase. Additionally, the UK's interest rate is higher at 5.25% compared to Australia's 4.35%, which typically attracts foreign investment and strengthens the currency. The UK's unemployment rate is slightly higher at 4.4% compared to Australia's 4.1%, but the UK has a higher manufacturing PMI (50.9) and services PMI (52.1) than Australia's 47.4 and 50.8, respectively, indicating stronger business activity. Although the UK's balance of trade is negative, Australia's significant decrease in the current account and trade balance indicates larger economic challenges. Therefore, given these indicators, the British Pound (GBP) appears to be stronger than the Australian Dollar (AUD). Technical Analysis: OANDA:GBPAUD on the daily timeframe shows a strong upward movement, with the pair recently reaching a high around 1.9579. The RSI (Relative Strength Index) is above 75, indicating overbought conditions which suggest a potential pullback. The marked resistance zone around 1.95388 seems to be a critical level, where price action is likely to face selling pressure. A bearish divergence is anticipated, where the price could fall to the first target (TP1) at 1.93302 and possibly further to the second target (TP2) at 1.92531, This analysis indicates a short-term bearish outlook following the current overbought conditions. overall view:
Short
by rTrader_official
5