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GBPAUD

GBPAUD Is Very Bearish! Sell! Here is our detailed technical review for GBPAUD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.897. Considering the today's price action, probabilities will be high to see a movement to 1.883. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPAUD → False breakdown and upward movement to retestFX:GBPAUD continues to form a bullish trend, as the high timeframe tells us. The price makes a false breakdown of the moving average and returns to the range. The price has returned to the ascending price channel and may form a retest or consolidation above the support level in the nearest future. At the moment the price is squeezed within the flat 1.9184 and 1.9035. Most likely the price has the upper boundary of the range as a target. An intraday retest of resistance may follow for a breakout. Since we have an uptrend, a false breakout of support and MA-200, the market is ready to continue rising. Another breakout attempt at 1.9184 may be successful and the price may show active growth. Support levels: 1.9035, trend support Resistance levels: 1.9184 I expect a retest of resistance with a subsequent breakout. Medium-term target: 1.9393. Regards R. Linda!
Long
by RLinda
13
GBPAUD Leavid out the wedge to the NorthernTREND BULLISH GBPAUD breaking now slowly the wedge consolidation to the upperside. “The Bank of England has warned that it is likely to underwhelm with rate hikes as the UK enters a recession that could last until 2024.” Economic growth will remain hampered and inflation high until the energy crisis eases – however this is to a large degree outside of domestic control, with Russia’s invasion of Ukraine driving up energy prices. What Drives the Australian dollar? The AUD is what is known as a commodity currency, in that it aligns itself with the world prices of primary commodity products. Australia relies on the export of certain materials such as coal and iron ore for a substantial part of its income. “Given that China is the world’s largest consumer of commodities, and Australia’s largest trading partner, the health of the Chinese economy can be a key influence on AUD,” Griffiths says. “The Australian dollar was weighed down in 2022 by global recession fears and the zero-Covid policy in China, its largest trading partner.” By 2024, inflation in the UK is expected to return to target levels set by the Bank of England. Along with a recovery in economic growth and a potential resolution to the Brexit Northern Ireland protocol, the pound could see a “strong recovery,MAYBE!
Long
by DaveBrascoFX
2
GBPAUD to retest previous support?GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075) The current move lower is expected to continue. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 1.8850 will confirm the bearish momentum. Our profit targets will be 1.8820 and 1.8780 Resistance: 1.8950 / 1.9000 / 1.9050 Support: 1.8850 / 1.8800 / 1.8750 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets