Gbpaudsignal
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.78660 where it could potentially react off and up to 1st resistance at 1.79530.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
#GBPAUD, Trend change?Changes occur in this model of importance.
By March we were on a rising channel then in April the GBP/AUD entered a pattern called Double top which could mark a change in trend (which is what actually happened)Looking at the graph above, you can see that this is the first time in several months that the Pound has gone out of the trend line, On his way down the pound falls below the Moving average 200 (Bear sign).
Target: 1.7440
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15 Min
This time Frame is supporting a bullish outlook. Price above all MA's with RSI still facing up. MACD is now showing a bearish divergence. Expecting Move down soon
1 HOUR
Buys still in the Market so be careful MACD & STOCh Rsi both showing bearish divergence.
4 HOUR
Bearish. Price is making a correction of earlier bearish move. Price now testing the 38.2 % fib retracement point. Price is also below all MA's with price about to test the 100 WMA.
OVERALL
Bearish Outlook expecting the bearish momentum to continue
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1 HOUR
Shortterm bullish break above previous small pin and Pullback.
4 HOUR
Bearish market structure made new lows and took out long holders.
DAILY
Bearish waving market need its next pullback shortly.
OVERALL
Expecting market to break below lows one more time before heading back up
to its wave structure and average price action. Market strongly oversold and made
a pullback of 80% of previous Low/High Wave formation.
Good luck
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