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Australian Dollar/British Pound

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AUDGBP trade ideas

Anticipating GBP/AUD Pullback: short term Fundametnal Analysis: United Kingdom shows stronger economic performance compared to Australia. The UK's GDP growth rate is higher at 0.7% versus Australia's 0.1%, and its annual GDP growth is positive at 0.3% compared to Australia's 1.1%. Inflation in the UK is under better control at 2% compared to Australia's 3.6%, with a lower month-on-month increase. Additionally, the UK's interest rate is higher at 5.25% compared to Australia's 4.35%, which typically attracts foreign investment and strengthens the currency. The UK's unemployment rate is slightly higher at 4.4% compared to Australia's 4.1%, but the UK has a higher manufacturing PMI (50.9) and services PMI (52.1) than Australia's 47.4 and 50.8, respectively, indicating stronger business activity. Although the UK's balance of trade is negative, Australia's significant decrease in the current account and trade balance indicates larger economic challenges. Therefore, given these indicators, the British Pound (GBP) appears to be stronger than the Australian Dollar (AUD). Technical Analysis: OANDA:GBPAUD on the daily timeframe shows a strong upward movement, with the pair recently reaching a high around 1.9579. The RSI (Relative Strength Index) is above 75, indicating overbought conditions which suggest a potential pullback. The marked resistance zone around 1.95388 seems to be a critical level, where price action is likely to face selling pressure. A bearish divergence is anticipated, where the price could fall to the first target (TP1) at 1.93302 and possibly further to the second target (TP2) at 1.92531, This analysis indicates a short-term bearish outlook following the current overbought conditions. overall view:
Short
by rTrader_official
5
GBPAUD neutralI believe that the pair is neutral even though in the long term I am looking to buy. Reasons I am looking to buy in the long term. The 3 month and the monthly timeframe have broken above the previous notable high. This indicates that price is due to go upwards and that this massive retracement is so that price can go back and collect orders from a certain region. The next monthly targets are at 2.0375 However, today I really cannot pin point any clear setup that can guide me into what to do next. My intuition is telling me that price will go lower, but I am currently sitting on my hands.
by kingmwenja
GBPAUD | Short D1 | Market Exec |Technical Confluences for Trade: - Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines Suggested Trade: Entry @ Area of Interest 1.9270 - 1.9380 SL @ 1.9503 TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8745 Risk-to-Reward @ Approx. 2.87 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only.
Short
by weekendanalyst
Bullish reversal off 61.8% Fibonacci support?GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 1.93444 1st Support: 1.91604 1st Resistance: 1.95355 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPAUD to find buyers at market price?GBPAUD - 24h expiry The primary trend remains bullish. A lower correction is expected. Price action has formed an expanding wedge formation. Preferred trade is to buy on dips. Bespoke support is located at 1.9475. We look to Buy at 1.9475 (stop at 1.9395) Our profit targets will be 1.9675 and 1.9715 Resistance: 1.9625 / 1.9690 / 1.9760 Support: 1.9475 / 1.9400 / 1.9335 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBPAUDGBP Weak at the moment has broken Support and heading towards Sentiment of Traders Target After Mondays ridiculous Algo driven panic Sell off across the board Instruments are returning to the Norm. Aprox 180 pips potential. Other reason in my humble opinion. The Australian dollar (AUD) is currently stronger than the British pound (GBP) due to the following key reasons: Commodity Exports: Australia's economy benefits significantly from high demand and prices for key commodity exports like iron ore and coal, boosting the AUD. Interest Rate Policies: The Reserve Bank of Australia (RBA) has maintained a more stable interest rate policy, attracting investors seeking better returns compared to the Bank of England's recent rate cuts. Economic Performance: Australia's economic recovery has been more robust, with stronger GDP growth and lower unemployment rates compared to the UK, enhancing the AUD's strength relative to the GBP.
Short
by NZ_Shareman
GBPAUD Massive Long! BUY My dear friends, GBPAUD looks like it will make a good move, and here are the details: The market is trading on 1.9595 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.9694 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.96340, with favorable potential for profit. Targets: Primary Target: 1.93600 Secondary Target: 1.89688 Breakout Scenario: 1.92640 In the event of a breach above the resistance level of 1.98600, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9900. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the GBPAUD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Short
by GODOCM