Get started

Gbp-aud

GBPAUD is on a bearish momentum! | 13 Oct 2021Price is consolidating in a descending channel . We see a potential target entry at 1.85055 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection and a pullback towards our Take Profit at 1.84425 in line with 127.2% Fibonacci retracement . Technical indicators are showing bearish momentum. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
GBPAUD is on a bearish momentum! | 13 Oct 2021Price is consolidating in a descending channel . We see a potential target entry at 1.85055 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection and a pullback towards our Take Profit at 1.84425 in line with 127.2% Fibonacci retracement . Technical indicators are showing bearish momentum. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBP/AUD: Price continue to falling , new Butterfly pattern...Check my previous Idea below... Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
1
GA interesting pair to watch,but no action yet.Possible break lower or push back up from 1.86?Shall wait for market's cue! Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
Long-Term Bullish Path on GBP/AUD Good morning, traders! Today we will analyze GBP/AUD (multi-timeframe) to explain our bullish view in depth. First, we would like to start with the graph with the longest temporality (Weekly) to explain the context and where this direction comes from. 🔸Here, we see that the price rebounded on the Weekly Ascending Trendline, and since then, the upward movement has not stopped. 🔸Recently, we saw a break in a supply zone on the daily chart. 🔸As we know, the broken resistance zones later become support zones, which happened in this case. 🔸Now the price is moving upward, and we believe that in the long term, there is the potential to reach the previous high.
Long
by ThinkingAntsOk
GBP AUD - FUNDAMENTAL DRIVERSGBP FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The successful vaccination program has allowed the UK to open up faster and sooner than peers & provides a favourable environment for GBP. 2. The Monetary Policy outlook for the BOE The BoE meeting on 5 August provided a flurry of comments with something for both the doves and the hawks. The QE vote split was more dovish (7-1) with BoE’s Saunders the only dissenter, while upgrades to growth and inflation were positive, even though price pressures is still views as mostly ‘transitory’. Reasons for a patient stance was the uncertainty surrounding the virus at the time as well as waiting for the end of the furlough scheme to assess the impact on the labour market. Thus, the bank will be in wait-and-see mode until at least Oct or Nov. The other important change was the reduction in the bank’s QT threshold from 1.5% to 0.5%, with the bank looking at a bank rate of 0.5% to stop reinvesting maturing assets and a rate of 1.0% to start selling assets and reducing its balance sheet . Market participants are mixed about what this means (it’s positive since the bank has enough confidence to lower the balance sheet even while rates are low, but on the other hand it means rates can stay lower for longer which is a negative). However, all in all the most important take away was the continued optimism about the economy despite virus uncertainty and comments that modest tightening will be required. 3. The country’s economic developments Hopes of a fast economic recovery has seen the BOE and IMF upgrade GDP projections for the UK which has widened the growth differentials between other major economies and has been a positive input for GBP. However, a lot of these positives are arguably already reflected in the price which means a continuation of the recent misses in economic data could make further solid gains more difficult for the GBP to maintain. The other factor to watch is potential tightening of the fiscal taps by the government with proposals of higher National Insurance taxes to fund the government’s planned social care overhaul. For now, this doesn’t change the med-term outlook, but if the proposed tax hikes are enough to see expectations of robust consumer spending being paired back that could be a strong med-term headwind for the Pound. 4. Political Developments Remember Brexit? Yeah, me neither, but recent rhetoric between the UK and EU hasn’t gone in a very positive direction with the UK side explaining to the EU that they are looking at all the options on the table (including article 16) if they can’t reach an agreement with the EU regarding the Northern Ireland Protocol. For now, Sterling has looked through all the rigmarole and should continue to do so as long as the cans are kicked down the road. 5. CFTC Analysis Latest CFTC data for the GBP (updated until 31 August) showed a positioning change of +1845 with a net non-commercial position of -14900. The recent flush lower in positioning means current levels for GBP still look attractive for med-term buyers. There are med-term risks on the horizon as we’ve explained above but we maintain med-term longs from 1.3700 and will look to add more incremental longs in the weeks ahead. AUD FUNDAMENTAL BIAS: NEUTRAL 1. The country’s economic and health developments There are three key factors that created recent uncertainty for Australia’s med-term outlook: The virus situation where most recent data have shown further increases in case numbers and no sign of restrictions lifting anytime soon. A Q3 GDP contraction is priced in and has pushed back tapering & hike expectations. Then there is China, where we’re watching the health of the economy after the slowdown has been bigger and faster than most had anticipated, also causing the PBoC to do a 0.5% RRR cut a few weeks ago. China is Australia’s biggest trade partner and the 2nd largest contributor to global GDP so it’s an important driver for AUD to keep on the radar. Politically, the risk of further tariffs and bans on Australian goods is also something to keep on the radar. Iron Ore is Australia’s biggest export (24%), and the almost 40% drop from YTD highs in the past few weeks is expected to negatively impact the country’s terms of trade. It’s true that the 19% rise in Coal prices (18% of exports) from the start of August has taken some of the sting out of the Iron Ore drop, but it’s not been enough to avoid a negative impact on overall terms of trade. 2. The Monetary Policy outlook for the RBA The RBA surprised markets with their previous meeting by not announcing a delay to their September tapering as most participants had expected. They kept their planned QE tapering of A$1bln in place for Sep until mid-Nov where they still plan to decide the future of their QE program. The meeting minutes pressured AUD this week as it showed that the board considered the case for delaying the tapering. This was interesting because the bank seemed content about the economic outlook during their statement. With the minutes showing that a possible delay in tapering was on the cards, attention turns to this week’s upcoming meeting where consensus expects the bank to announce a delay in their planned September tapering due to the escalation in the country’s virus situation. 3. Developments surrounding the global risk outlook. As a high-beta currency, AUD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the AUD enjoyed upside alongside other cyclical assets going into what majority of market participants think was an early post-recession recovery phase. As long as expectations for the global economy remains positive the overall positive outlook for risk sentiment should be supportive for the AUD in the med-term, but the recent short-term jitters and risk off flows once again showed us why risk sentiment is also a very important short-term driver for the currency. 4. CFTC Analysis Latest CFTC data for the AUD (updated until 31 August) showed a positioning change of -3478 with a net non-commercial position of -60078. The AUD’s outperformance this week was mostly due to stretched net-shorts getting an overdue squeeze higher. The positive data and risk sentiment helped, but the moves were typical squeeze behaviour. Keep in mind that the bulk of the AUD’s upside took place from Wednesday, so the most recent CFTC data won’t reflect that. Thus expect a sizeable reduction in net-shorts with next week’s data.
by thunderpips
3
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.8930). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 30. Take Profits: TP1= @ 1.8765 TP2= @ 1.8625 TP3= @ 1.8527 TP4= @ 1.8433 TP5= @ 1.8355 TP6= @ 1.8233 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
6
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.8930). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 30. Take Profits: TP1= @ 1.8765 TP2= @ 1.8625 TP3= @ 1.8527 TP4= @ 1.8433 TP5= @ 1.8355 TP6= @ 1.8233 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
5
GBPAUD Potential bullish momentum | 1st Sep 2021Price is expected to bounce upwards from the ascending trendline support. Price is expected to move towards the 1st Resistance in line with the previous swing high and 100% Fibonacci extension . Our bullish bias is further supported by the stochastic indicator, the K% line bounced off on the support level showing a strong upward movement. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM