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Gbpaudanalysis

GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week. Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?) Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support. H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level. 30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken: Aggressive approach: if a double top scenario happens then short at the double top! Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting Follow up as the week goes on....
Short
by Inacio_1998
GBPAUDHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPAUD view with S & R Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
Short
by Bexi03
2
GBP/AUD Buy Opportunity breaking above 1.8600 All the major currencies have been weak against the USD for a couple of weeks. However, GBP and EUR are performing a bit better than other days. Yesterday RBNZ increased the 0.25% cash rates from 0.50% to 0.75%. But cash rates didn't help NZD to attract investors because of inflation. So Instead of getting strong, NZD became weak against all the major currencies. Most of the time, RBA and RBNZ balance their currency rates and handle economic situations in the same way. So, it is expected RBA may increase their bank rates very soon. But as inflation also is rising in Australia, maybe AUD also won't be able to get the advantages of higher bank rates unless they increase more than 0.5% bank rates. I don't think RBA will take such risks. During the pandemic, central banks took risks rising banks rates. Instead, they should reinvest in the economy. Higher bank rates uninspired investors to take a loan from the banks and reinvest in the economy. Higher bank rates will reduce more spending. From my personal view, it's not a good sign for the long-term economy, especially in a pandemic situation, whether the economy needs more investment to start the business. On the other hand, The UK's pound sterling is still heavily weighed down by the Bank of England, with MPC member Silvana Tenreiro noting that she would not want to say specifically if they make their first rate hike in December or February. GBP/AUD Technical View In the daily chart, GBP/AUD broke the descending trend and held above it. But from the present rates, 1.8600 is identified as a resistance. Since September, GBP/AUD has been unable to break above the 1.3600 price zone. So, this area will work a strong resistance, no doubt. As for GBP/AUD breaks, and is stable above the descending trend line. So, if we see that the GBP/AUD can break 1.3600, we should buy GBP/AUD. To the upside, our first target will be 1.8761 and the final target to the upside 1.9840/1.8950 price zone. As long as the market is above 1.8400, it won't trend its uptrend. So, the stop-out level should be below the 1.8400 price zone.
Long
by Gold_Trading_Expert