Strong & Weekness End Of 26 Jun 2021Time Frame D1 (Find your right pairing coming soon)
USD - Stroger
GOLD - Stoger
GBP - Medium
AUD - Medium
CAN - Medium
EUR - Weekness
CHF - Weekness
Gbp-aud
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.8372).
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 26.
Take Profits:
TP1= @ 1.8300
TP2= @ 1.8265
TP3= @ 1.8215
TP4= @ 1.8165
TP5= @ 1.8110
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.8372).
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 26.
Take Profits:
TP1= @ 1.8300
TP2= @ 1.8265
TP3= @ 1.8215
TP4= @ 1.8165
TP5= @ 1.8110
SL: Break Above R2
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. . . . . Please show your support back,
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.8517).
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 48.
Take Profits:
TP1= @ 1.8404
TP2= @ 1.8327
TP3= @ 1.8235
TP4= @ 1.8167
TP5= @ 1.8103
TP6= @ 1.7945
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.8517).
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 48.
Take Profits:
TP1= @ 1.8404
TP2= @ 1.8327
TP3= @ 1.8235
TP4= @ 1.8167
TP5= @ 1.8103
TP6= @ 1.7945
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!❤️
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Now, It's your turn!
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Trade well, ❤️
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GBPAUD a long opportunity 🦐GBPAUD after the test of the weekly resistance moved below to the support area at the 1.82250 area.
The price bounced over the lower trendline of an ascending channel and now approaches a structure.
According to Plancton's strategy if the price will break above we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Prices potential for bounce| 21st June 2021Prices are approaching ascending trendline support as well as horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 88% Fibonacci retracement and 127.2% Fibonacci extension. If prices continue to push down, prices might take support from horizontal swing low support in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
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.
GBPAUD approaching 1st support, potential for further bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support and ascending trendline support. We could see a bounce here and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is also testing the support where price has bounced in the past, showing signs of bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPAUD potential pullback to trendline|17th June 2021GBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might pull back towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension. MACD is also showing a crossover and a bearish signal.
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.
GBPAUD potential pullback to trendlineGBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices might pullback towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension . MACD is also showing a crossover and a bearish signal.
GBP AUD gbp aud time to long
hourly morning star bullish confirmation.
Bounced of support lower trendline and gained a new 4 hour supportive trendline.
After gaining this trendline we have rejected the previous trendline and zone.
Now we create a 4 hour bullish engulfing candle and a 4 hour invert candle to confirm a bullish uptrend.
Let's go !
GBPAUD Sell Trade Idea (My View)Nice Short Opportunity With GBPAUD ... Idea BASED On Trend::: Perfect Spot To Enter A Short With SL Slightly Above Previous High. TP The Lower Low The Market Created.
GBPAUD facing bullish pressure |15th June 2021Prices are facing bullish pressure from ascending trendline support in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down, prices will take support from horizontal swing low support in line with 61.8% Fibonacci retracement. MACD is also showing bullish pressure.
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.
COT CURRENCY REPORTAUD, NZD & CAD:
The AUD suffered the biggest outflow amongst the major with the CFTC data updated until Tuesday the 8th of June, which should arguably not be surprising given the prior outperformance in the currency before that happened.
This week the focus for the AUD turns to the incoming Employment report where labour data has been touted by many as the most important consideration for the RBA regarding potential policy changes or updates. For the NZD we have Q1 GDP data coming up which should provide us with an interesting outcome on our AUDNZD short trade.
The recent underperformance of the NZD has been quite surprising, and our view that the fundamental outlook points to further strength has been shared by numerous investment banks. We’ll see whether GDP data is what the NZD needs to move back in line with its underlying bias.
For the CAD, positioning is something that we are focused on, especially with the CAD trading “elevated” against numerous currencies, we need to be mindful of some possible mean reversion.
JPY, CHF & USD:
Our fundamental outlook for the US Dollar has shifted from Weak Bearish to Neutral. The assessment of risk to the currency is more balanced in our view as we head closer and closer towards potential tapering by the Fed. Apart from that, real yields are expected to remain a key driver in the short-term and something we will use for potential short-term direction bias alongside incoming economic data points.
This week, the main event for the US Dollar will of course be the upcoming FOMC meeting, where the elephant(s) in the room will be the massive upside surprises in US CPI readings compared to the FOMC’s March projections, as well as what the bank will have to say about tapering discussions (those ones that Fed Powell said they haven’t been having but the April minutes showed they have)
For the JPY, the ongoing divergence between US10Y and the safe-haven currency will be a focus point of ours this week. As the Fed and quad witching is in the mix this week we need to keep safe-haven flows in mind this week as a potential supporting factor if equities see some jitters.
GBP:
Even though the bias for Sterling remains titled to the upside, as the third largest net-long position among the majors we do need to be mindful of the current short-term risks for the currency.
We received confirmation that the UK’s planned reopening on the 21st of June will be delayed by four weeks. This was already touted last week so the impact might be lesser this week, and also due to the fact that it won’t derail the economic recovery which means the outlook is still favourable.
However, coupled with the ongoing Northern Ireland Protocol issues with the EU we need to be mindful of some potential risk premium build up in Sterling which could translate into some short-term downside.
We would consider any sizeable corrections as opportunities to engage from better levels, especially against the EUR and the JPY.
EUR:
Still the biggest net-long position among the majors. Issues surrounding the fundamental outlook for the single currency still has complications, but with the vaccination roll out gathering momentum we have seen sentiment data picking up on the prospects of a reopening. The EUR has remained well supported over the past few weeks as the USD continued to lose favour and as markets look towards a fast economic rebound once the vaccination efforts allow the EU to lift restrictions.
If the EU can reach their vaccination targets, we could well see a faster recovery playing out in the EU. However, when we compare that potential recovery in terms of growth or inflation differentials or compare the policy response between the US and UK or compare policy normalization expectations it seems the EU is still lagging behind that of the US and the UK.
For that reason, we are staying patient with our med-term bearish view on the EUR for now and will wait for more information and data before we change our mind.
*This report reflects the COT data updated until 8 June 2021.
GBPAUD reacting above 1st support, potential for further upside!Price is reacting above 1st support, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal overlap support. We could see further upside above this level, towards 1st resistance, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance. Price is also holding above the moving average support, in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Breakout Continuation On GBPAUDSee Signposts for key price action details.
I generally don't like breakout continuation plays as I often don't find them working out. Lately, I've been refining this so that I'm only trading the breakout continuation when a "reversal" move is underway. This tends to be more reliable than trying to trade a breakout continuation in the direction of the existing trend. For example, a breakout to the upside on an overall uptrend is less likely to succeed.
💡Don't miss the great sell opportunity in GBPAUD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.82728).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 44
Take Profits:
TP1= @ 1.81921
TP2= @ 1.81685
TP3= @ 1.80999
TP4= @ 1.80184
TP5= @ 1.79271
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 ❤️
💡Don't miss the great sell opportunity in GBPAUD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.82728).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 44
Take Profits:
TP1= @ 1.81921
TP2= @ 1.81685
TP3= @ 1.80999
TP4= @ 1.80184
TP5= @ 1.79271
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 ❤️
GBPAUD a new bearish leg 🦐GBPAUD is moving below a weekly resistance over a minor ascending trendline.
The price is now trading above a daily support and according to Plancton's strategy if the market will break and close below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPAUD looking for a retracement? 🦐GBPAUD is moving below a weekly resistance over a minor ascending trendline.
The price is now trading above a daily support and according to Plancton's strategy if the market will break and close below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
