Hey everyone,
I would like to present you one of my trading plans for this week. I will be following the GBP/AUD currency pair expecting a bullish trend throughout the week.
You can check the technical analysis on my video on Youtube.
Below I will do an Economic Overview for this week, share my opinion on what to expect and I will also post the Buy and Sell Zones in numbers.
Buy Zone: 1.7615 to 1.7925
Sell Zone: 1.7524 to 1.7135
Main target: Between 1.7925 and 1.8000
Long term target: 1.8215
Economic Overview:
For this week there are no scheduled High-Importance events for the GBP or the AUD. However we have some Medium-Importance events, which might cause some volatility.
Wednesday - 30.05.2018
01:30 GMT (03:30 Bulgarian time) - AUD Building Approvals
Expectancy is for a drop from 14.5% to 4.1%. This might affect the AUD and lower its price.
23:01 GMT (01:01 Bulgarian time on Thursday)
GBP GfK Consumer Confidence
I don’t expect this report to cause much volatility on the market. Expectancy is for a slight drop.
Thursday - 31.05.2018
On Thursday we have 6 Medium-Importance events mainly during the night and in the morning. Keep those in mind, although I don’t expect huge volatility spikes caused by those events.
Friday - 01.06.2018
08:30 GMT (10:30 Bulgaria time)
GBP Market UK PMI Manufacturing
Slight change is expected between previous reading and the forecasted, so unless there is a huge difference I don’t expect any surprises on the market.
Due to lack of strong events throughout this week I believe that the uptrend is very highly likely to happen, so watch out and don’t miss on the move.
I wish you a profitable week! :)
I would like to present you one of my trading plans for this week. I will be following the GBP/AUD currency pair expecting a bullish trend throughout the week.
You can check the technical analysis on my video on Youtube.
Below I will do an Economic Overview for this week, share my opinion on what to expect and I will also post the Buy and Sell Zones in numbers.
Buy Zone: 1.7615 to 1.7925
Sell Zone: 1.7524 to 1.7135
Main target: Between 1.7925 and 1.8000
Long term target: 1.8215
Economic Overview:
For this week there are no scheduled High-Importance events for the GBP or the AUD. However we have some Medium-Importance events, which might cause some volatility.
Wednesday - 30.05.2018
01:30 GMT (03:30 Bulgarian time) - AUD Building Approvals
Expectancy is for a drop from 14.5% to 4.1%. This might affect the AUD and lower its price.
23:01 GMT (01:01 Bulgarian time on Thursday)
GBP GfK Consumer Confidence
I don’t expect this report to cause much volatility on the market. Expectancy is for a slight drop.
Thursday - 31.05.2018
On Thursday we have 6 Medium-Importance events mainly during the night and in the morning. Keep those in mind, although I don’t expect huge volatility spikes caused by those events.
Friday - 01.06.2018
08:30 GMT (10:30 Bulgaria time)
GBP Market UK PMI Manufacturing
Slight change is expected between previous reading and the forecasted, so unless there is a huge difference I don’t expect any surprises on the market.
Due to lack of strong events throughout this week I believe that the uptrend is very highly likely to happen, so watch out and don’t miss on the move.
I wish you a profitable week! :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.