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Gbp-aud

GBPAUD: Getting rejected on the 1D MA50. Potentially a very bearGBPAUD crossed under the 1D MA50 three days ago for the first time in three and a half months and today upon a retest as Resistance it is initially failing. With the 1D timeframe technically neutral (RSI = 45.941, MACD = 0.001, ADX = 27.184), if the price gets rejected then selling should transition into the 1W timeframe as well and start testing the lower Support levels. The HL trendline is in between, so you may sell after it breaks if you want. The first target is S1 (TP1 = 1.84000) and the second is S3 (TP2 = 1.815000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
GBPAUD, H4 | Potential bounce off major supportWe're looking at GBPAUD on the H4 timeframe today - and we can see that it has already bounced quite nicely off a major overlap support. Now the key thing here is the 23.6% Fibonacci retracement. If price is able to break beyond that level, we could see a further acceleration up towards the 1.8805 level which is the 38% Fibonacci retracement and a bit of an overlap resistance. In terms of potential stop loss levels, we could consider a level slightly below the 127% Fibonacci extension to give the setup enough breathing space. 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.
Long
by FXCM
GBPAUD in a positive channel.GBPAUD - 24h expiry Previous support located at 1.8740. Previous resistance located at 1.8800. Broken out of the triangle formation to the upside. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8715 (stop at 1.8650) Our profit targets will be 1.8825 and 1.8850 Resistance: 1.8800 / 1.8850 / 1.8900 Support: 1.8740 / 1.8700 / 1.8675 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBP is BossBullish Setup The next HH HL is the sinal of the Bullish Trend start Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at 1.6579 low. Then a bounce to 1.6835 high-ended wave X & started the next leg lower in wave Y towards 1.6547-1.6369 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum. GBP Funamentals The GBP has experienced a notable rally in recent weeks, positioning it as the top-performing currency among the G10 nations this year. The unexpected success story of the GBP, now dubbed the "King of G10 FX," can be attributed to several factors. Firstly, the rebound can be attributed to a series of positive UK data releases in recent months, which were influenced by the significant decline in European energy prices and subsequent improvements in commodity terms of trade. Additionally, the persistent UK inflation, combined with reduced post-Brexit tensions between the UK and the EU, as well as diminished risks of another independence referendum, have enhanced the attractiveness of GBP-denominated assets. Asia overnight The sentiment was mixed during Asian trading as investors grappled with concerns surrounding the US debt ceiling. However, their optimism was boosted by China's better-than-expected exports data. Fig1: China headline news from 09/05/2023 There were also reports from newswires suggesting that Chinese authorities might announce additional measures to bolster the economy. Currently, Asian markets were trading with a mixed performance, while S&P500 futures showed a slight decline. In the G10 foreign exchange market, trading remained within narrow ranges, with the Norwegian krone (NOK) and Euro (EUR) underperforming, while the US dollar (USD) and Japanese yen (JPY) outperformed. Kazuo Ueda, the Governor of the Bank of Japan (BoJ), stated that the central bank would discontinue its Yield Curve Control (YCC) policy once inflation consistently reaches 2%. However, this statement didn't come as a surprise and maintained investors' view of the new BoJ Governor as dovish. In March, Japan's wage growth continued to be lacklustre, with real wages experiencing a YoY decline of -2.9%. This data is unlikely to prompt any policy changes by the BoJ. USD: Debt ceiling, regional banks, and the Fed The short-term outlook for the USD is heavily influenced by the ongoing drama surrounding the US debt ceiling in Congress and the outlook for regional banks in the United States. Market concerns regarding the prospects of regional lenders are unlikely to ease following the recent release of the Senior Loan Officers Survey. Additionally, the political deadlock over the US debt ceiling is expected to continue negatively impacting the USD. During the day, foreign exchange (FX) investors will closely monitor the high-level meeting between President Joe Biden and US congressional leaders, which aims to resolve the impasse over the debt ceiling. In terms of its impact on the FX market, any signs of progress between Democrats and Republicans towards a potential bipartisan solution, such as a short-term extension of the debt ceiling, could help the USD regain strength across the board. Conversely, indications that the political impasse has worsened may dampen the appeal of USD-denominated assets.
Long
by DaveBrascoFX
GBPAUD Channel Up calling for a buy but short if it breaks lowerThe GBPAUD pair is trading within a Channel Up pattern since the February 02 Low. With the 1D MA50 (blue trend-line) supporting, it is attempting to fill the Gap form January 28 2022 and test that Resistance. As long as its holds we will be bullish targeting 1.92300. A closing below the 1D MA50 will be a sell signal, targeting the 1D MA200 (orange trend-line) on a projected contact target at 1.80000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
Gbpaud Potential turning point? **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
Potential areas for taking a long position in GBPAUDOk, I posted a short analysis of this symbol a few minutes ago, you can go to my profile and see it, and now I want to post a long analysis of this symbol to introduce potential points for buying! Please place a limit position of 0.5% of your total balance in each of the specified areas and specify the stop loss and target values exactly as shown in the picture. As always, close half of your position in the first target and risk-free the other half and open it until you reach the second target. Thank you all
Long
by ZoomOnChart
GBPAUD - RiskyShort - CounterTrendHi everyone I think that we can take a short position with a higher risk than usual up to the specified targets. Entry point - targets and stoploss are clearly defined. Please have capital management and do not enter more than one percent of your capital in any position. Note: When the price reaches our first target, we close half of our position in profit and the other half is risk-free and we leave it open until the second target. Thank you all
Short
by ZoomOnChart
2
GBPAUDHi; good evening. GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
GBPAUD Top-Down Analysis #29/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPAUD is overall bearish trading inside the brown channel, and it is currently around the upper brown trendline. Moreover, the zone 1.83 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown trendline. (acting as non-horizontal resistance) on H4: Right Chart GBPAUD is bullish from a medium-term perspective trading inside the rising red channel. 🏹 Trigger => for the bears to take over, we need a momentum candle close below the last low and lower red trendline. Meanwhile, until the sell is activated, GBPAUD can still trade higher inside the green weekly resistance. 📚 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
6