Get started

Breakorbounce

GBP AUD - brexit boost or slump?Hello traders and analysts, Here is our Daily timeframe scenario - With the strong Aussie position against the USD - we can see into 2021 - the aussie maintaining the strength. However - the fundamentals can show a good brexit outcome will advance the GBP back to 1.84 zone In the meantime the monthly shows the monthly zone between 1.67 - 1.62 for the GBP AUD so keep in mind this can be a long term point of overall bearish bias. But if price shows us on the weekly within the green zone - break or bounce (so far bonce) - await the weekly close to determine an entry point on the higher time fame. all the best, Team Lupa.
by LupaCapital
EURAUD bounce or breakEURAUD is approaching a weekly trendline where it will either bounce or break through. Personally, looking at price action, I believe price will break through and fall to around 1.5800 before retracing back up to retest the trendline as resistance at around 1.6000. However if price bounces we could see it coming back up to the liquidation zone at around 1.6300. My confluences telling me price will break the trendline are: Head and shoulders formed and neckline retested. Daily 20ema and 50ema have crossed over showing potential of further bearish pressure. Lots of bearish momentum as price approaches trendline. However before looking for shorts price still has to break the trendline and also the weekly 50ema. I will be keeping eyes on this pair.
by andrewlickley