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Gbp-aud

GBPAUD *Updated View*When I previously wrote about this pairing a few weeks ago it was trading at 2.035, however, over the past weeks, there has been a steady fall of GBPAUD. With a number of economic indicators being released this week, including interest rates and GDP for Australia, I thought I should review my outlook on this position. My first target price of 1.86 was met and my second target price of 1.81 should be comfortably met this week. When it reaches 1.81 the pairing will have to be watched carefully as this point of resistance could either see a rebound in-line with the pairings short term trend up to the 1.9's or it could continue on its longer-term downwards trend and begin the fall down to 1.71, my third target price. Looking at my technical indicators, we are close to seeing a cross over in 200 and 50 ema within the day time frame which will give further confirmation of this continuing downtrend as this has already been seen in the 4-hour and 1-hour time frame. Would love to hear feedback on my analysis as always! Stay safe.
Short
by Michael_McMillan99
GBP/AUD Buy EntryWe are focusing GBP/AUD for buying is beacuse, first the AUD Currency Index is at its Resistance, and AUD has conquered the Top Flight for the past 2 weeks and I think it will fall with just a slip. Second, it is at the furthers support and it is also a D1 Support, so that the STOP LOSS will not be a big deal since it is a -30pips STOP LOSS. Kind of Risky since the Selling Momentum is still Strong, but this Selling Momentum has been strong for the past weeks. Third, the graph is creating a double bottom.
Long
by FalAriff
ANALYSIS ON 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 the analysis.         As we can see, the price is currently going up, towards its resistance. 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.         Ryan.R..Lopes  
by Ryan_lopes
8
GA Short [one last time]GBP AUD has a clear downtrend but as we come ever closer to the weekly and monthly level - we need to be careful. Note our trade is risk free: - we are just awaiting the market open - ofcourse if there is a gap down - expect a possible attempt to fill the gap. We have a strong supply at 0.236 on the four hour. Not the Stop loss is the number of pips we wish to enter. price will change, this is just to show our range of where to enter. There will be a retracement, however with fundamentals in play this can be ignored. Always have two scenarios in mind. COT report; GBP shorts added on the COT report against the USD, the final push down the demand zone will occur. just await price action. Happy Trading this week ahead. We will update accordingly. Lupa.
Short
by LupaCapital
GBP/AUD POTENTIAL LONGG/A ANALYSIS 5/12/2020 After a big bearish run, price has made its way down to Monthly level 1.9000 This is been the market direction for the past month or so.. With the crucial news coming out tomorrow regarding AUD & NZD (both move in correlation) This could be a potential trade. The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Composite into the close Major moves on AUD and NZD MAY 13 HIGH IMPACT NEWS: NZD Annual Budget Release AUD Unemployment Rate AUD Employment Change Do NOT trade before taking confirmation. Stay Patient! Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature Message for private entries!
Long
by illDior
40