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Gbpaudtrade

GBP/AUD : Ichimoku CloudsLet's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, horizontal line. The Confirmative Line of Chikou Span has crossed the price chart from below, the cloud is currently descending. This instrument has entered the cloud. The cloud border serves as the closest support level (1.8884) and the closest resistance level (1.8961) On the daily chart Tenkan-sen line is below Kijun-sen, horizontal line. Confirmative line Chikou Span is approaching the price chart from below, the cloud is currently descending. This instrument has entered the cloud. The cloud border serves as the closest support level (1.9036) and the closest resistance level (1.8801) On the four-hour chart the instrument is trading inside the cloud. On the daily chart the instrument is trading in the cloud. It is not recommended to open a position at the current price. Pending orders must be placed at the border of the cloud: sell at the level of 1.8884, with Take Profit at 1.8848 and Stop Loss at 1.8961; buy at the level of 1.8961, with Take Profit at 1.9060 and Stop Loss at 1.8884. Skenario SELL STOP 1.8884 TAKE PROFIT 1.8848 STOP LOSS 1.8961 KEY LEVEL 1.8848, 1.8884, 1.8961, 1.9060 Skenario alternatif BUY STOP 1.8961 TAKE PROFIT 1.9060 STOP LOSS 1.8884 KEY LEVEL 1.8848, 1.8884, 1.8961, 1.9060
Long
by NurulHuda
GBP/AUD Exchange Rate Edges HigherHello traders! PrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at GBP/AUD . Currently, escalating tensions between the US and Iran are threatening to throw the global political and economic situation into further chaos, dampening market confidence in the risk-sensitive Australian Dollar (AUD) today. Australian Dollar traders are becoming increasingly concerned that souring US-Iran relations could have a knock-on effect on US-China relations, compromising the likelihood of a 15th January trade deal between the two superpowers. With China being Australia’s largest trading partner, this has compromised some of the ‘Aussie’s gains against the Pound today. Any further signs of a breakdown between the US and China, however, will prove to be negative for AUD. Tomorrow (01.08) will also see the publication of the influential Australian AiG Performance of Construction Index for December , with any signs of improvement last month bolstering optimism Australian Dollar. The US investment bank, Goldman Sachs , said in its statement: ‘ The Reserve Bank of Australia to flag downside risks to the outlook from the bushfires in its February Statement on Monetary Policy, but don’t expect the fires to materially impact its central forecasts or policy decision at this stage. Also, the government’s deployment of military assets could provide a larger-than-expected boost to government consumption.’ The noteworthy feature here is the Pound (GBP) rose against the Australian Dollar (AUD) due to growing optimism over Brexit’s progress, with the House of Parliament generally expected to pass Prime Minister Boris Johnson’s revamped Brexit Withdrawal Agreement Deal largely unchallenged. The Pound’s gains, however, may be short-lived as Brexit discussions are set to continue this week. Any signs that Boris Johnson could successfully shorten the UK-EU transition period would likely leave UK markets feeling jittery on the increased prospect of a no-deal conclusion later on this year. A daily close under uptrend line opens the door to reversing the dominant uptrend. Support Levels: 1.877, 1.865, 1.855 Support Zone: 1.89 - 1.895 Resistance Zones: 1.918 - 1.92 , 1.939 - 1.952, 1.974 - 2.005 Please, let us know what you think about GBP/AUD in the comment section below. Keep an eye out for more PrimeXBT trading signals for other assets.
Long
by UnknownUnicorn3931771
2
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD Breaking down GA as it was requested from one of our forex alchemists! You ask and I will deliver! As you can see in the technical analysis above GA has been a bit tricky. We experienced multiple fake outs to the downside which is expected. This is why you don't just jump into a trade when all you see is a simple break of a trend line. I always say there is a lot of confusion in the market around trend lines so always be cautious. After the fake outs to the downside GA pushed up quite a bit then showed us a beautiful double top. This is where more experienced traders would have taken shorts. I personally wanted to see price push up a third time giving us a clean entry! Remember there is always another entry or a better trade right around the corner, never rush things! Only gamblers force trades, we are focusing on becoming the best forex traders possible to make this a reality you need to develop ridiculous amounts of patience. Patience, risk management, and always sticking to your trading plan is the key to longevity in this market. IT IS NOT EASY, BUT IT IS DEFINITELY WORTH IT!
by Layne_LV
4