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Gbp-aud

BUY GBPAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has reverse from its SUPPORT and also broke its TRENDLINE RESISTANCE . One can go long Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes
GBPAUD facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above the ascending trendline support, and Stochastics has also just reacted at the lower 7.49 support level where it has reacted off before. We could potentially see a bounce and further rise above 1st support, in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support and ascending trendline support, towards 1st resistance, in line with 100% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
3
GBPAUD for a new impulse 🦐GBPAUD after the last impulse retraced over a daily support to the 0.5 Fibonacci level. The market then consolidates over the 0.382 and now is testing the minor resistance. 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.
Long
by InkyGrip
4
Week Ahead: COT Currency ReportOverall: With the CFTC data updated until 30 March the EUR showed the biggest decrease of (-19.5K) and the AUD showing the biggest increase of (+6K). AUD, NZD & CAD: Positioning still favours further upside for the three high beta FX majors. The strong push higher in global equities last week is another positive catalyst to keep in mind in the week ahead. Even though we maintain an upside bias for the AUD, NZD and CAD, but given the BOC's recent action to discontinue some of their market functioning programs and the complete reversal of NZ10Y after it's recent push lower we would prefer the NZD and CAD above the AUD as we also have the RBA this week which could influence the AUD. The med-term bias for all three remains titled higher. JPY & CHF & USD: The big deviation in positioning we mentioned in last week's report saw some mean reversion in the JPY albeit it only minor moves. With risk appetite taking a more positive turn at the latter part of last week, and with the solid economic data points from the US, the risk on added additional pressure on the JPY, but positioning still has some possible room left to unwind which is a risk to our medterm downside bias. The Dollar's price action at the latter part of last week was very important. Despite the best ISM Mfg PMI since 1984 and despite a solid NFP print which came in much higher than expectations, the Dollar failed to sustain any meaningful upside, and instead continued it's overdue mean reversion to the downside. This might be the first signal that the positioning-related squeeze might be fizzling out and could potentially be the market turning it's attention back to the reflation narrative as we head into the highly anticipated Q2 of 2021. GBP: The bias for Sterling remains firmly titled to the upside, we maintain an upside bias in GBPUSD, especially with the Dollar's soft price action following last week's solid data points. The calendar will be very light for Sterling, so the overall focus will arguably fall predominantly on price action in the EUR and the USD. EUR: The reasons to expect downside for the EUR has been on the rise recently. Whether we consider the vaccine roll out, or recent virus numbers, or lockdown restrictions, or relative growth dynamics, or policy normalization expectations, all the above point to further downside for the EUR versus the USD and GBP, as well as the high betas. Despite shedding a lot of net long positioning in the past two months, the EUR remains the largest net long position among the majors, which means there is quite a bit of room to run to the downside if the above concerns continue to pressure the single currency. However, the one caveat to the EUR is it's sensitivity to the Dollar. With the Dollar pushing lower we've seen the EUR breathe a sigh of relief, and as long as the Dollar remains pressured we could see the EUR gaining some upside momentum. This report reflects the COT data updated until 30 Mar 2021.
by thunderpips
5
COT CURRENCY REPORTThis report reflects the COTdata updated until 23 Mar 2021. Overall: With the CFTC data updated until 23 March the JPY showed the biggest decrease of (-14K) and the EUR showing the biggest increase of (+3K). AUD, NZD & CAD: After sizable moves lower with the recent risk off flushes, all three high betas remain bullish in the med-term outlook, and with relatively small net long positions, there is still more room to run. In the week ahead it's going to be very quiet on the data front, but we will have a few events to watch for WTI which could have impact on the CAD such as the upcoming JMMC meeting and more developments with the Suez Canal. Also keep in mind this week we will have month-end and quarter-end, we also have a shortened week due to Good Friday, which means liquidity is likely going to be unfavourable. Thus, even though med-term biases remain intact do watch out for erratic price moves without any real catalyst. JPY & CHF & USD: Another big increase in net-short positions for the JPY. The speed of the move in the JPY has been very excessive in the short-term, with the 1-year z-score printing a 4.5 with this past week's data. That is a very big deviation from the norm, which means we do want to be a bit careful with the JPY from a positioning point of view. Even though the JPY has been at the mercy of moves in US10Y, a sudden move higher from some profit taking is a risk to keep in mind. The Dollar was the star performer last week, pushing higher across the board even while US10Y was pushing lower for the majority of the week. The short-term drivers that has recently affected the Dollar is still very much in play such as yield differentials, better relative growth & inflation dynamics as well as the faster policy normalization expectations for the FED. However, again from positioning, the move in the USD does look stretched in the short-term so keep that in mind going into the new week. GBP: The bias for Sterling remains titled to the upside, especially versus the EUR, where EURGBP managed to close below the important support at 0.8550. This week is going to be very light on the data front, so focus will remain on the overall driver for EURGBP such as vaccine roll out (UK well ahead), growth expectations (UK well ahead), monetary policy (UK far less dovish), fiscal policy (EU still waiting for ratification), new virus cases (rising much faster in EU). EUR: The reasons to expect downside for the EUR has been on the rise recently. Whether we consider the vaccine roll out, or recent virus numbers, or lockdown restrictions, or relative growth dynamics, or policy normalization expectations, all the above point to further downside for the EUR versus the USD and GBP, as well as the high betas. Despite shedding a lot of net long positioning in the past two months, the EUR remains the largest net long position among the majors, which means there is quite a bit of room to run to the downside if the above concerns continue to pressure the single currency. For the week ahead, the focus will be on the incoming US ISM Manufacturing PMI as well as the March NFP report (which is expected to show a sizable jump on the headline). If we see these two data points print significantly higher than expected, it will mean more downside for the EURUSD, which should also be supportive for further EURGBP downside as well.
by thunderpips
21
12-Month GBP/AUD Forecast: 1.72 Says Westpac AnalystForeign exchange analysts at Westpac expects that near-term yield trends will support the Pound-to-Australian Dollar (GBP/AUD) exchange rate, especially with a less dovish tone from the Bank of England (BoE). Overall global trends, however, will see a reversal later in the year, especially with the Australian trade surplus. “The Aussie stands to gain more from a synchronised global rebound over 2021 than the pound does, especially with Asia likely to keep outperforming. Near term GBP/AUD could rally a bit further, towards 1.8200, but our baseline forecasts are lower over the year, to 1.7500 then 1.7200.” GBP/AUD has not traded as low as 1.72 since January 2018. BoE stance underpins the Pound Sterling GBP/AUD has posted net gains in 2021 with less dovish rhetoric from the Bank of England one important element. Westpac notes; “BoE official rhetoric has been mixed but overall less dovish than the RBA’s.” In this context, 2-year yield spreads have moved into the Pound Sterling’s favour Looking at Reserve Bank policy, Westpac expects smaller QE packages in late 2021 and in 2022 as the labour market still has plenty of slack. Westpac also notes optimism over the UK outlook. “The UK has vaccinated a larger proportion of its population than most major economies, which should reinforce the BoE’s optimism over economic recovery later in 2021.” Trade surplus supports the Australian Dollar There has been a sharp turnaround in the Australian trade position. The latest data recorded a surplus of A$8.1bn for February from A$8.2bn the previous month and has been consistently in surplus during the past year. There has also been a sharp turnaround in the current account with an A$14.5bn for the fourth quarter of 2020 from A$10.7bn previously. Westpac also expects that the Australian economy will continue to draw support from further strength in the Asian economy which will feed through into the trade account. Westpac notes; “In isolation, yield spreads still suggest downside risk for AUD. But Australia’s historically rare current account surpluses provide solid insulation.” Both currencies will tend to be vulnerable if there is a sustained deterioration in risk appetite. In contrast, there will be scope for net gains if global equity markets post further strong gains.
by thunderpips
10
GBP/AUD Forecast: ShortHere is an analysis on GBP/AUD Currently @ 1.80100 Bearish Harmonic on the 4H chart suggests possible downtrend on the pair The pair has to break above resistance @ 1.81 to turn bullish We expect the pair to fall back to the 1.79 level and test support @ 1.79 OUR POSITIONS: Buy Stop @: 1.81200 Buy Stop TP @: 1.81700 Sell Stop @: 1.79900 Sell Stop TP @: 1.79500 Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
Danske Bank Projections For Next 12 MonthsForeign exchange analysts at Danske Bank expect the US Dollar to gain ground during the year ahead, primarily under the influence of a very strong US economic recovery. After little change on a 1-month view, the Euro-to-Dollar exchange rate ( EUR/USD ) is expected to weaken 0.7% to 1.1800 on a 3-month view. The losses are expected to continue on a 6 and 12-month view with levels of 1.1700 and 1.1500 which represent decline of 1.6% and 3.24% respectively from current levels. The bank also expects steady USD/JPY gains during the forecast period with a sharp upgrade from February’s forecasts. A gain of 1.3% to 110.00 is forecast on a 6-month view with a further advance to 112 on a 12-month view, a gain of 3.2% from the current spot level. Euro Pound Tipped to Retreat Further Sterling is forecast to maintain a solid tone with overall moves influenced strongly by changes in the EUR/USD rate. In this context, the Pound US Dollar ( GBP/USD ) exchange rate is projected to reverse the most recent losses and secure a 1.4% advance to 1. 40 on a 1-month view. Thereafter, the GBP/USD is projected at 1.3900 throughout the 3, 6 and 12-month periods which would represent a 0.7% advance from the current spot rate. With the single currency generally vulnerable, the Euro Pound rate is forecast to post further losses. EUR/GBP is forecast at 0.85 on a 1 and 3-month view, a decline of 1.3% from the current spot level. A further retreat to 0.84 is forecast on a 6-month view with a net loss to 0.83 on a 12-month view, a loss of 3.7% from the current spot level. Commodity currencies are forecast to decline amid a strong US dollar . After a slight rebound on a 1-month view, the Australian Dollar-to-US Dollar ( AUD/USD ) exchange rate is forecast to decline 1.0% to 0.7600 on a 3-month view. A further retreat to 0.73 is forecast on a 12-month view, a decline of 4.9% from the current spot value. A similar pattern is projected for the New Zealand dollar with losses limited by the slide in spot prices recorded today. The New Zealand Dollar-to-US Dollar ( NZD/USD ) exchange rate is forecast to recover 0.9% to 0.710 on a 1-month view. After slight losses on a 3-month view, Danske forecasts a decline to 0.69 on a 6-month view and 0.68 on a 12-month view which equates to losses of 1.9% and 3.3% respectively from current spot levels. The Norwegian krone and Swedish krona not expected to sustain initial gains. The Euro-to-Krone rate is forecast to weaken to 10.00 on a 1-month view, a decline of 1.9%. Thereafter, the rate is expected to recover with no net change from spot levels on a 6-month view and a gain of 1.1% to 10.30 on a 12-month view. The euro is forecast to decline 0.9% to 10.10 on a 1 and 3-month view. The pair is then forecast to strengthen to 10.2 on a 6-month view and 10.4 on a 12-month view, a gain of 0.1% and 2.1% respectively from current spot levels.
by thunderpips
GBPAUD - Another Push DownWe saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone) At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an aggressive bear candle (lets see how this hour closes!). Price appears to have rejected the 1.80 psychological level also. I am aware price appears to have broken the downtrend however if we observe a closure within the trendline then I will classify this as a fakeout. We can then look for short entries to ride priced down to the previous swing low at around the 1.78200 level.
Short
by MMQ_FX
GBPAUD on a channel break? 🦐GBPAUD on the 4h chart has retraced perfectly until the 0.786 Fibonacci level inside a descending channel. According to Plancton's strategy, if the price will break above, we can 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.
Long
by InkyGrip