GBPAUD Next Possible Move Pair : GBPAUD ( British Pound / Australian Dollar )
Description :
Bearish Channel in LTF & STF as an Corrective Pattern
Break of Structure
Impulse Correction Impulse
Fibonacci Level - 61.80%
Head and Shoulder
Gbpaudsignal
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!
GBPAUD Parallel ChannelGBPAUD ranging in upside parallel channel, wait for breakout to take entry.
Manage your risk accordingly!
DeGRAM | GBPAUD fibonacci clusterGBPAUD broke and closed below the psychological level at 1.91000
The market broke out of the ascending channel and created a descending channel.
Price action is pulling back to the Fibonnaci cluster and psychological level.
We expect a bounce and a retest of the support.
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GBPAUD : Short Trade , 1hHello traders, we want to check the GBPAUD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level for us and cause the price to fall. If the price falls, we expect it to fall around the price of 1.88600. Good luck.
GBPAUD Analysis the price managed to break the bullish trendline and form a bearish structure for now. If we pull the Fibo extension, the price is right at level 1. There is a possibility that the price will still go down to Fibo 1.618 where this area also intersects with strong support.
DeGRAM | GBPAUD at the psychological levelGBPAUD is testing the psychological level at 1.8900.
The market is printing an equal measured move AB=CD, where D completion is right at support level near the buy zone.
We expect a short-term pullback if price action creates pinbar rejection candles or double bottom.
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GBPAUD ABCD PatternGBPAUD completed ABCD pattern now hopefully we can see the retracement from here towards upside.
Manage your risk accordingly!
GBPAUD : Short Trade , 4hHello traders, we want to check the GBPAUD chart. The price has pulled back to the specified key level after breaking the ascending channel to the bottom. We expect this level to act as a resistance level for us and cause the price to continue falling until around the price of 1. 89700. Good luck.
GBPAUD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPAUD Analysis 11July2023if we pull the trendline as in the picture, it looks like a bullish channel. today there has been a high enough bullish movement to form a BoS. the closest target is the channel trendline above.
GBPAUD Still Potential to UpsideI see some of these are too lacking to make me sure if the movement in this pair is experiencing a downtrend breakout. In fact, I believe the downward movement is a form of correction that is too visible. I'm still positive if this pair experiences bullish strengthening, especially if the strong resistance can be broken
GBPAUD Triple Top ChartGBPAUD is forming triple top on 1hr chart hopefully we can see the sell pressure through this resistance.
Manage your risk accordingly.
GBPAUD Potential To DownsideNearly 3-4 days the condition of GBPAUD experienced continuous improvement. I think the price movement in the next few days will decrease. Even though in terms of Weekly it still looks positive going up, the potential for going down will be even better.
EURAUD and GBPAUD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPAUD Double Top on 1hr ChartGBPAUD is forming double top on 1hr chart hopefully we can see the sell pressure through this resistance.
GBPAUD Forecast 6July2023for now the price looks bearish. if we pull the fibo retracement, then there is a possibility that the price will be pulled down to strong support in the 0.236 area, where the area is also an SnD area and also as an SR Flip area.
Cup And Handle in GBP/AUDGBP/AUD is in strong uptrend. Price is continuously making higher highs and higher lows.
Checking out recent price action, the price has formed a Cup and handle pattern which is a bullish pattern.
Once the neckline is broken out, I expect price to rise further.
Wait for daily candle to close above the neckline. Then we can enter into LONG SWING TRADE.
DeGRAM | GBPAUD potential long tradeGBPAUD moving in the ascending channel.
The market pulled back to the support zone with deceleration.
Price broke and closed above the psychological level of 1.90000.
We expect a pullback trade from support and the 50% fibo level.
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GBPAUD This currency pair can be modified up to the specifiedGBPAUD is completing a pullback after breaking the daily trend (this trend can be seen in 4 hours). According to the specified points in the chart, you can look for the entry point for selling.
If you have an opinion about this, I will be happy to write.
DeGRAM | GBPAUD long opportunityGBPAUD is currently broke and closed above the psychological level at 1.86000.
Price rose from the support level after a double bottom. On the 4H chart, price action shows divergence.
We expect a move up since the trend is bullish on the daily timeframes .
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DeGRAM | GBPAUD trend continuation opportunityGBPAUD broke and closed below the psychological level at 1.8700
The market broke out of the descending channel, indicating a trend shift.
Price action created a consolidation following the bearish move.
We expect a trend continuation trade.
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GBPAUD Forecastfor now the price is stuck in a fairly strong support area, it has been tested several times. the possibility that happens is that the price will rise first before going down further.
