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Gbp-aud

GBPAUD - Watch for this area!PAIR IN FOCUS: GBPAUD BIAS: BEARISH Price has broken from a mid-term ascending trend line and retested it. We can see that after the ascending trend line has been broken, price continued to break below a structure support. We may see a retracement to the area marked out, before the next bearish wave. We can draw a descending trend line based off the lower highs to see if the bearish momentum is still in play. There are multiple confluences in that area which makes it a good area of entry if price rejects off it: structure resistance, descending trend line and Fibonacci 50 retracement level. Most importantly, watch for bearish price action in that area before considering any shorts. Let's see how this works out! Cheers!
Short
by TraderMozo
GBPAUD - DAY TRADE VIEWGBPAUD - Looking bearish on hourly charts, Trading close to the resistance zone . My approach is a short sell position at current price 1.82700 Maintain stop loss around 1.83350 Potential downside target 1.82250 - 1.81750 Follow the levels as mentioned. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Short
by Professor_GS
5
GBPAUD - SWING - 02. NOVE. 2020Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Bearish price action below main sr level. 4 HOUR Sideways market structure looking for a breakout.. DAILY Good short entries, price about to drop! - FOREX SWING SELL GBPAUD ENTRY LEVEL @ 1.83880 SL @ 1.84790 TP @ 1.82490 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
21
GBPAUD longtermMassive inefficencies to the upside (lack of transacting counterparty - price should reach to the top liquidity block - there are some pools on the way though). First target - yearly pivot at 1.86568 (thats where price is drawn for now - uptrend should continue). In case of reversal - I showed you where bulls will feed on inventories (but bulls seem to have enough liquidity to keep going higher - last feeding was rather shallow - sellers are few as price moved up rather fast)
Long
by ICFX
Weekly FX Wrap: a thorough ‘PR’ workout for currency markets...Weekly FX Wrap: a thorough ‘PR’ workout for currency markets DXY As alluded to in the title of this week’s FX review, the ‘pandemic resurgence’ and ‘paring of risk’ to the point of position liquidation at times have been primary drivers of overall direction and sentiment, but the Dollar has also benefited at the expense of the Euro in wake of the ECB essentially confirming expectations for ‘policy recalibration’ in December. To recap, COVID-19 cases and deaths are still rising at a rapid rate with many countries seeing exponential growth in the number of new infections on a daily basis to consecutive record highs, and regrettably little sign that the current wave is breaking. Meanwhile, although vaccine trials have restarted after pauses due to problems with earlier clinical tests, official approval from the various medical bodies and distribution remains some way off, to leave Governments with little alternative aside from tightening restrictions further or even reverting to almost full states of lockdown. Moreover, some health experts are pointing to a fresh variant of the virus in Europe, and while the US is also suffering new peaks of contamination in some states the situation is deemed less severe, relatively speaking. Hence, the Greenback has regained a strong safe-haven bid with the index hovering just shy of 94.000 and a 94.105 best vs 92.784 at the other end of a wide spectrum. EUR In stark contrast to the buoyant Buck, Euro depreciation due to the coronavirus and contagion have been exacerbated by the aforementioned downbeat and dovish tone of the latest post-ECB statement and press conference from President Lagarde. In short, official guidance was ‘enhanced’ by the addition of a new bullet stating that ‘in the current environment of risks clearly tilted to the downside, the GC will carefully assess the incoming information, including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate’. Subsequently, the ECB head kicked off the presser by noting that the recovery is losing more momentum than envisaged, with recent data and surveys pointing to significant softening in Q4 activity. As a result, the entire GC believes it is necessary to take action via a tweak of instruments at the next meeting, and Eur/Usd is languishing towards the bottom of a 1.1865-1.1650 range. CAD The Loonie was also subject to broad risk aversion and policy recalibration from the BoC that will now target the longer end of the curve within its QE remit, but a sharp decline in crude prices compounded losses relative to its US counterpart within 1.3390-1.3130 parameters more than anything else. GBP Sterling has largely tracked swings in the market mood and mostly gloom due to COVID-19 developments that are threatening a circuit breaker as a potential attempt to avoid reverting to complete national shutdown, while Brexit updates have been almost as conflicting as ever depending whether the UK or EU are summing up the current state of trade negotiations, though the bottom line appears to be more progress. Indeed, the FT quotes an official from Brussels saying that a lot of drafting has been done on the LPF, but the key issues remain unresolved and by inference that means state aid and the real point of contention concerning access to fishing waters. In sum, a deal is still elusive and it will be down to the wire if enough concessions can be made to reach an agreement before the next Summit let alone the date that leaves it too late for legal text to be drawn up and ratified for the transition deadline. Cable is holding 1.2900+ status, but well off peaks in the high 1.3000 zone, but Eur/Gbp nearer 0.9000 than just over 0.9100. JPY Nothing expected and unforeseen from the BoJ, while Japanese data has been mixed and the Yen continues to dovetail with the Dollar as prime safety destination. Therefore, Usd/Jpy has been fairly rangebound and mostly capped by 104.00-50 trade inside a band up to circa 105.05 with a Fib at the half round number proving pivotal vs heavy option expiry interest on the downside. AUD/NZD The Aussie and Kiwi have both been very whippy between 0.7157-0.7003 and 0.6723-0.6597 respective bands vs their US peer, but the Aud/Nzd cross veering south from 1.0672 to 1.0597 at one stage and still leaning against 1.0600 ahead of the RBA and a widely if not universally expected 15 bp rate cut – see the Newsquawk Research Suite for a full preview of the November policy meeting.
TVC:DXY
by FTUKcom
Weekly FX Wrap: markets still hooked on Brexit saga...Weekly FX Wrap: markets still hooked on Brexit saga and gripped by pandemic DXY The Dollar remains on track to post solid safe haven gains vs G10 counterparts and most EM currencies, bar the YUAN that has resumed its upward trajectory with the aid of decent Chinese data and PBoC support via an aggressive reduction in the RRR for FX Forwards and forecast for a more pronounced GDP rebound in Q3. In response, the Cny and Cnh have both rebounded firmly from sub-7.7600 territory to around 6.6900 irrespective of more geopolitical, diplomatic and trade tensions between Beijing and various global peers. Back to the Buck, failure to resolve differences on US fiscal stimulus and polls pointing to a more convincing Biden victory vs Trump in early November with potential for a so called Blue clean sweep, have not hampered the Greenback for more than short, intermittent periods, while data has been mixed overall (benign CPI, firm PPI, bumper retail sales and feeble IP). Indeed, the index is midway between 93.910-005 parameters having tested both sides of the range several times and the principle factor keep the Dollar in demand is the more acute resurgence of COVID-19 spreading across Europe. GBP Sterling is still one of, if not the most volatile major, and largely at the whim UK-EU trade headlines that arguably reached new heights and frequency on ascent to the (mainly) Brexit Summit, with negligible slowdown in the pace or regularity in the aftermath. In short, UK PM Johnson was adamant that October 15 was the deadline to reach a deal or make meaningful progress on the 3 big issues at the very least, but a draft on Day 1 revealed shortcomings and crucially no breakthrough on fishing, and officials from both sides proceeded to lay blame for the lack of compromise on one another. Nevertheless, UK chief negotiator Frost and his EU equivalent Barnier saw enough grounds to extend talks further and the former met with Johnson to convince him to continue discussions, but evidently with only a degree of success as the PM subsequently declared that a Canada style deal will not work for Britain’s partners and its time for the nation’s businesses to prepare for the Australian version of an FTA that equates to no deal at all. But the drama did not stop there, and more episodes are in production as Brussels believes Johnson has not walked away from talks altogether even though a spox for Downing Street contends that negotiations are over and Barnier should only return to London next week if he and the EU are ready to fundamentally change stance and prepared to discuss all elements regarding a legal text or the practicalities about travel and haulage. Meanwhile, reports circulated that the EU may dangle energy as a carrot or rod to prize some leeway/flexibility from the UK on fisheries. Cable is currently circa 1.2930 within a 1.3082-1.2864 range and Eur/Gbp around 0.9065 compared to 0.9121 and 0.9008 at either end of the spectrum. AUD/NZD Aside from tracking broad risk sentiment and gleaning some consolation from a jobs report that was not as weak as expected, the Aussie has been undermined by RBA policy guidance from Governor Lowe all but signalling a 15 bp rate cut at the November meeting and latest curbs or bans on exports to China. On that note, Beijing imposed more stringent supervision on thermal and coking coal, while informing mills to stop importing cotton that could have a tariff of up to 40% slapped on. In response, Aud/Usd is hovering near the base of a 0.7248-0.7057 band and Aud/Nzd closer to 1.0704 than 1.0859 as the Kiwi managed to hold up a bit better than its Antipodean neighbour on cross tailwinds to large extent, but also an acceleration in NZ’s manufacturing PMI. Nzd/Usd is just above 0.6600 awaiting the outcome of weekend elections. EUR/JPY/CAD/CHF All taking leads from the general market tone and related moves in their US rival, though the Euro also had a somewhat disappointing ZEW survey to digest alongside the worrying rise in coronavirus cases that has reached new record levels in some of the bloc’s member states. Eur/Usd is barely maintaining grip of 1.1700 vs 1.1690 at worst and 1.1826 at one stage, in keeping with the Loonie clutching at 1.3200+ compared to 1.3259 and 1.3099 at best on return from Canada’s Thanksgiving holiday and before crude prices backtracked and manufacturing sales missed consensus. Elsewhere, mixed fortunes for the non-US Dollar safe havens, Yen and Franc, as Usd/Jpy traded towards the bottom end of a 105.86-05 corridor for the most part amidst dovish BoJ rhetoric, but Usd/Chf only veered under 0.9100 briefly to 0.9088 and was more active either side of 0.9150 before reaching an apex on Friday at 0.9163.
Short
by FTUKcom
3
Ascending triangle pattern, GBPAUD close to breakoutHello, 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 is currently inside an Ascending triangle pattern. One can wait for breakout. 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.
by Ryan_lopes
120 pips to the next level!GBPAUD is one of the pairs that make the biggest moves. Today alone the movement is 100 pips. Yesterday closed above the previous level of resistance and tested the current consolidation under the triangle. The breakthrough is obviously very definite. We expect this momentum to continue to the next level of resistance. There are 120 pips, which as we see can be reached today. When it reach 1.8371, watch for the possibility of a breakthrough and continuation. If you have any questions about this or another position, you can contact us! If this analysis has helped you, then like, comment and follow us!
Long
by ForexTrendline
!! GBP/AUD Ready For Big Up (BUY) !! $GBPAUD CHART Welcome Traders >> We Have Here Opportunity And Direction For $GBPAUD ! Frame : 4H ! ! Tools Details On Chart ! ♣️ Down Trend Line ♣️ POC Key Level ♣️ Fibonacci Area 📚 Vision : Waiting For Break Out POC + Trend + Fibonacci Area With 4H Candle And Enter Buy 📚 🔷 Take Profit Levels : 1.82000 / 1.83000 🔷 Stop Lose Levels : Close 4H Candle Down POC Price Line !! Please Take care Trading Is Very Risk Don't Risk On Any Position !!
Long
by Fx_Vanguard
5