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British Pound / Australian Dollar

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GBPAUD trade ideas

GBPAUD Massive Long! BUY! My dear friends, Please, find my technical outlook for GBPAUD below: The instrument tests an important psychological level 1.9388 Bias -Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.9585 Recommended Stop Loss - 1.9274 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
GBPAUD1.GBPAUD has been dropping very hard for the pas few days. 2.It had to make a correctional move before another massive uptrend. 3.The correctional move(PullBack) was successsful. 4.The price tapped into the flip zone a muiltiple times, forming resistance on that flipzone(Demand). 5.Now the price gave us an 4H bullish candlestick closure, moving away from the flip zone, which shows buyers gaining dominance in the market. 6.Now we buy GBPAUD up until to the last High before the major drop
Long
by Hyper_fxt
1
GBPAUD shortsI believe that GBPAUD is due for sells today. Here is why; Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders. There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future. Moreover, there is a lower low formed on the 4h timeframe which shows me that price will continue going lower. I am currently in a short trade. I am expecting price to collect orders at 1.9370, where I will sell again. My targets are 1.9300
Short
by kingmwenja
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