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British Pound / Australian Dollar

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GBPAUD trade ideas

GBPAUD 4HRSBOE HEAD--Andrew Bailey (BANK OF ENGLAND) RBA HEAD-- Michele Bullock,(Governor of the Reserve Bank of Australia,) the British pounds sterling narrowly escaped the 2dollar mark against Australian dollar in the month of December ,the weekly symmetrical triangle broken supply roof shows a stronger economic advantage of British pounds against Australian dollar in the first quarter of 2025.on weekly Timeframe we have a strong demand horizontal floor in the zone of 1.9905 to provide buy impetus ,A deeper correction will be a drop into the floor of the the broken supply roof of the symmetrical triangle running from 2016 to 2020 and 2024 BREAK OUT .. As the new week opens the market will look for entry opportunity to go long on GBPAUD. GOOODLUCK
by Shavyfxhub
GBPAUD DAILYBOE HEAD--Andrew Bailey (BANK OF ENGLAND) RBA HEAD-- Michele Bullock,(Governor of the Reserve Bank of Australia,) the British pounds sterling narrowly escaped the 2dollar mark against Australian dollar in the month of December ,the weekly symmetrical triangle broken supply roof shows a stronger economic advantage of British pounds against Australian dollar in the first quarter of 2025.on weekly Timeframe we have a strong demand horizontal floor in the zone of 1.9905 to provide buy impetus ,A deeper correction will be a drop into the floor of the the broken supply roof of the symmetrical triangle running from 2016 to 2020 and 2024 BREAK OUT .. As the new week opens the market will look for entry opportunity to go long on GBPAUD. GOOODLUCK
by Shavyfxhub
GBPAUDBOE HEAD--Andrew Bailey (BANK OF ENGLAND) RBA HEAD-- Michele Bullock,(Governor of the Reserve Bank of Australia,) the British pounds sterling narrowly escaped the 2dollar mark against Australian dollar in the month of December ,the weekly symmetrical triangle broken supply roof shows a stronger economic advantage of British pounds against Australian dollar in the first quarter of 2025.on weekly Timeframe we have a strong demand horizontal floor in the zone of 1.9905 to provide buy impetus ,A deeper correction will be a drop into the floor of the the broken supply roof of the symmetrical triangle running from 2016 to 2020 and 2024 BREAK OUT .. As the new week opens the market will look for entry opportunity to go long on GBPAUD. GOOODLUCK
by Shavyfxhub
GBPAUD Price Outlook: Anticipating a Bearish RetracementAnticipating a Price Drop in GBPAUD I expect the price to decline from this level as part of a retracement into the discount zone, potentially setting up for a bullish continuation on the higher time frame, which remains bullish. Analyzing the chart using a market structure approach, I anticipate a downward move from this level, and my stop-loss is clearly defined. At this price level, there appears to be resistance and buy-side liquidity, which I expect to trigger a liquidity raid, driving the price lower. I haven't set a specific take-profit level but personally aim for a 1:3 risk-to-reward ratio. Here's my projected outlook for GBPAUD as of December 31, 2024. Thank you!
Short
by abinvestor24
2
GBP/AUD Analysis: Navigating the Current Market Trends.Overview: The GBP/AUD pair has experienced a notable decline, dropping from 2.0300 to around 2.0200 over the past month. This movement can be largely attributed to the dovish stance of the Bank of England and subpar UK economic data. Technical Snapshot: Candlestick Patterns: Recent patterns are predominantly bearish, with several red candles indicating a downward trend. Moving Averages: Both the 50-day and 200-day moving averages are trending downward. RSI and MACD: RSI is below 50, suggesting bearish momentum. MACD shows a bearish crossover, reinforcing the downtrend. Fundamental Drivers: Bank of England's Dovish Outlook: The BoE's decision to hold interest rates steady, coupled with a dovish outlook, has put pressure on the GBP. Weak UK Economic Data: The UK's Q3 GDP growth missed expectations, contributing to the negative sentiment surrounding the GBP. AUD Stability: The AUD has maintained stability, bolstered by positive economic data from Australia and a strong commodity market. Latest News and Analysis: GBP/AUD Uptrend Loses Momentum: The pair initially gained momentum but lost it due to risk-off sentiment in thin holiday trading. The next Bank of England meeting is set for February 6, with market participants pricing in over 52 basis points of cuts in 2025. RBA Meeting Minutes in Focus: The primary catalyst for movement this week will likely be the publication of the Reserve Bank of Australia's latest meeting minutes from its December interest rate meeting. Any dovish hints could undermine the AUD. Technical Signals Bullish: Technical indicators suggest a bullish setup with the RSI at 62 and daily momentum studies trending up. Immediate resistance is located at 2.0256, with strong support at 2.0124. Trading Considerations: Short Positions: The current bearish trend suggests potential short positions on GBP/AUD, with entry points around 2.0200 and stop-loss at 2.0300. Key Levels: Monitor support at 2.0150 and resistance at 2.0250. A break below 2.0150 could indicate further downside potential. Recommendation: Buy on dips around 2.0160 with a stop loss of 2.0100 and a target price of 2.0260. Market Sentiment: The market remains cautious, and upcoming UK data releases will play a crucial role in determining the future direction of the British pound.
by OakleyJM
GBPAUD: Strong Resistance in Play – What’s Next?Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis ! 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! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
Heading into pullback resistance?GBP/AUD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is an overlap support. Pivot: 2.0273 1st Support: 1.0061 1st Resistance: 2.0391 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.
Short
by ICmarkets
Bearish drop off pullback resistance?GBP/AUD is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support that lines up with the 78.6% Fibonacci retracement. Pivot: 2.0273 1st Support: 2.00612 1st Resistance: 2.03910 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.
Short
by ICmarkets
3