GBPAUD → Trade Analysis | SELL SetupHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD
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GBPAUD
GBP-AUD Will Go UP! Buy!
Hello,Traders!
GBP-AUD went down sharply
And the pair is locally oversold
So as we are already seeing a
Bullish rebound from the
Horizontal support level of 1.911
A further move up is to be expected
Buy
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GBPAUD - Downside Range BreakoutI've been monitoring this pair for quite some time as its been ranging since February of this year. After a failed breakout attempt in early April, it looks like price is making another attempt at this week's open.
I don't really have a strong directional bias with this pair as it's been in quite a whipsaw pattern for the past couple of months. I'd drop down to the hourly timeframe to plan out my entry and a strong move to 2x ATR would be a good closure target.
GBPAUD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9258
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9394
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPAUD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9396
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9314
My Stop Loss - 1.9447
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBP/AUD SHORT FROM RESISTANCE
Hello,Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.926 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Potential bullish bounceGBP/AUD is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.92627
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.91771
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.94469
Why we like it:
There is an overlap resistance level
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GBP/AUD Exhibits Signs of Reversal Amid Positive UK Economic DatThe GBP/AUD pair has recently shifted its trajectory, transitioning from a recovery phase initiated at 1.08600 in January to a downward trend. Currently hovering around the 1.9158 level, the pair encounters significant resistance marked by the Point of Control (POC) value and Fibonacci levels. This convergence suggests the potential for a pullback before resuming its upward momentum. Additionally, the Relative Strength Index (RSI) indicates proximity to oversold conditions, further supporting the anticipation of a correction. In response, we've opted to position two Buy limits in anticipation of the impending reversal.
The UK manufacturing sector delivered a surprising expansion in March, following a contraction spanning 20 consecutive months. This growth was primarily fueled by robust domestic demand, elevating business optimism to its highest level since April 2023. Notably, 58% of manufacturers anticipate an increase in production levels over the next 12 months. Concurrently, British house prices surged by 1.6% in March, marking the sharpest increase since December 2022. Despite prevailing higher interest rates, the real estate sector demonstrates resilience, contributing to overall economic stability.
In light of these developments, we foresee a potential pullback in the GBP/AUD pair, followed by a resumption of its upward trajectory.
GBPAUD Potential Buy OpportunityThe GBPAUD currency pair presents a potential buying opportunity, exhibiting favorable market conditions that may attract traders seeking long positions. A comprehensive analysis indicates a potential bullish momentum, warranting attention from traders looking to capitalize on potential upward price movements.
Trade Recommendation:
Given the current market dynamics, traders may consider a buy position on the GBPAUD pair. This trade setup suggests entering a long position when the price of the pair rises above 1.92390 levels
Disclaimer:
It is imperative to acknowledge that all trading decisions carry inherent risks and should be made in accordance with individual risk tolerance levels, financial circumstances, and trading strategies. This analysis serves as educational content and should not be construed as financial advice. Trading forex and other financial instruments involves substantial risk, and past performance does not guarantee future results. Traders are encouraged to conduct thorough research and seek guidance from qualified financial advisors prior to executing any trades. The author and publisher of this analysis disclaim any responsibility for losses incurred as a result of reliance on the information provided herein.
GBPAUD I Temporary fall from resistance Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPAUD - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : GBP/AUD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.92500 Area
Reasons
- inner Channel Break Out
- Volume Break Out
- Month high Break Out
- Major channel lower Band Break
- Fibo Golden Zone
- weekly High Break Out
Bearish Reversal
1.943500 Area
Reasons
- Major Turn level
- Pattern Target
- Major Channel Upper Band
- Quarters Area
- Fibo Golden
- Volume Hvn
gbpaud h4 short from resistance tp +250 pips🔸Hello traders, let's review the 4hour chart for GBPAUD today. Strong
V-shape recovery in progress, however also expecting a decent/normal
pullback once we hit the strong overhead resistances.
🔸Heavy overhead resistances will trigger a pullback. Resistances set
at 9490 and 9550, risk/reward will be in bears favor. Mirror s/r level
below at 9265 will be likely targeted by the bears in the pullback mode.
🔸Recommended strategy for GBPAUD bears: short sell rips/rallies near
resistances 9490/9550 stop loss fixed 60 pips TP1 + 150 pips TP2 +250 pips
final TP exit at 9550. swing trade setup, time required to hit both targets.
good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPAUD: UK February ILO unemployment charge better than expected
UK February ILO unemployment charge: 4.2%
Expected: 4.0%
Previous: 3.9%
Job change: -156k vs. 58k expected
Previous: -21k
Average weekly earnings: +5.6% 3m/y vs +5.5% expected
Previous: +5.6%
Average weekly earnings (except for bonuses): +6.0% 3m/y vs +5.8% expected
Previous: +6.1%
Change in March salary: -67k
Previous: 20k; changed to: -18k
This is a particularly combined document as employment numbers are vulnerable whilst wages stay high. The revision of the February payroll indicates that the United Kingdom exertions marketplace constantly stated poor payrolls withinside the first quarter. That is an indication that the activity marketplace is loose, with the unemployment charge additionally rising.
From that perspective, it facilitates give a boost to the case in the direction of slicing hobby rates. But with the warmer payroll numbers, the BOE might also additionally sense vindicated in persevering with to strengthen marketplace expectancies for August`s move.
GBPAUD Will Go Up From Support! Long!
Take a look at our analysis for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.926.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.944 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBP-AUD Will Go UP! Buy!
Hello,Traders!
GBP-AUD is going up now
And the pair made a bullish
Breakout of the key horizontal
Level of 1.9272 and the
Breakout is confirmed
So we are bullish biased
And we will be expecting
The pair to go further up
Buy!
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