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Gbp-aud

GBPAUD:Bearish stocks and potential AUD weaknessHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.89900 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.89900 zone. Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) figures could play a pivotal role in the market dynamics. Notably, the strong CPI could lead to a strengthening of the US dollar. While a robust dollar might be viewed positively in some contexts, in the realm of stocks, it could have adverse effects. A strong dollar is generally perceived as negative for stocks, as it can impact corporate profits, leading to a potential bearish sentiment in equities. Traders should be vigilant about these interconnected factors, understanding the broader market dynamics and the implications of fundamental releases on correlated assets. As always, trade safe and stay informed about the evolving market conditions.
Long
by JoeChampion
Navigating GBPAUD's downtrendIn the upcoming trading session, our focus is squarely on GBPAUD as we explore a potential selling opportunity around the 1.90800 zone. GBPAUD, entrenched in a downtrend, is presently navigating a correction phase, drawing closer to the trend at the crucial 1.90800 support and resistance juncture. As we delve into this analysis, it's essential to consider the broader market dynamics. The prevailing downtrend in GBPAUD aligns with our anticipation of AUD strength. This expectation stems from the bullish bias observed in indices like NASDAQ, where positive correlations between stocks and the Australian Dollar (AUD) often influence currency movements. Consequently, traders should keep a watchful eye on this interplay as they strategize their positions in the GBPAUD pair. Trade safe, Joe.
Short
by JoeChampion
1
GBPAUD - Follow The Trend ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 GBPAUD has been overall bearish trading below the red trendline, and it is currently retesting it. Moreover, the zone 1.9 is a robust resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As GBPAUD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
GBPAUD Bullish reversal emergingThis is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel Down appears to have reached its bottom so it is best to book the profit on the sell. The 1D MACD is about to form a Bullish Cross and the last such pattern emerged on October 04, four days after the previous Lower Low. As a result we are switching to a buy now with a modest short-term target at the top of the main Channel Down at 1.90000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPAUD - Trading The Channel 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPAUD has been trading inside a big range between our green support and blue resistance. Lately GBPAUD has been bearish trading inside the falling red channel and it is currently approaching its lower bound. Moreover, the zone 1.89 - 1.895 is a strong support. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #GBPAUD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
GBPAUD Sell gaining ground but needs the 1D MA200 to confirm.The GBPAUD pair broke below the long-term Channel Up that it has been trading in since the start of the year and a Channel Down emerged as last week we had a rejection on the 1D MA100 (green trend-line). That is the top (Lower Highs trend-line) of the Channel Down and the most optimal sell entry. However the 1D MA200 (orange trend-line) is still supporting, so we need a candle closing below it in order to confirm the sell (earlier confirmation would be the 2nd MACD Bearish Cross). In that case we will target the 1W MA100 (red trend-line) at 1.8300 (which will also by a symmetrical to the first bearish leg -5.75% drop). If however we close a 1D candle above the 1D MA100 first, we will take the loss and open a buy that will target Resistance 1 at 1.997800). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
GBPAUD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
16
Bullish Outlook for GBP/AUDI believe the GBP/AUD pair remains a favorable buy. It appears to be severely oversold, and on the larger time frames, it continues to exhibit a bullish sentiment. Over the coming weeks, which may extend to a total of 3-5 weeks, we anticipate movement towards our targets. It's advisable to monitor this currency pair closely, as it presents substantial upside potential. Please remember to trade responsibly. I'll continue to update as needed. Hope you all have a great trading week.
Long
by GlobalHorns
11