Hello Traders, Hope you're doing Great.
For upcoming weeks, we'll probably see a downward momentum in this pair. From the viewpoint of Technical, the price has broken its last HL in Daily time frame and changed the trend. from the viewpoint of Fundamental, both Currencies are vulnerable about Risk off sentiment; but GBP is more Vulnerable than AUD because of bad data that came from Britain recently.
so with all of these reasons, Short Position is more reasonable and a downward momentum to the Demand zones is anticipated.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
For upcoming weeks, we'll probably see a downward momentum in this pair. From the viewpoint of Technical, the price has broken its last HL in Daily time frame and changed the trend. from the viewpoint of Fundamental, both Currencies are vulnerable about Risk off sentiment; but GBP is more Vulnerable than AUD because of bad data that came from Britain recently.
so with all of these reasons, Short Position is more reasonable and a downward momentum to the Demand zones is anticipated.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
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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.
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.