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British Pound / Australian Dollar

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GBPAUD trade ideas

GBP/AUD Poised for Bullish Rebound: Technical Strategic InsightsLast week, the GBP/AUD currency pair mirrored the movement of the GBP/USD main pair, experiencing a notable rebound around the 1.9000 demand area. This area has proven to be a significant support level, reinforced by the stochastic indicator on the H8 timeframe plus a bullish divergence, which shows an oversold condition. This technical signal aligns with the 78.6% Fibonacci retracement level, where the price reacted with a strong bullish candle, indicating a potential upward momentum. The price is currently situated in a discount area, making it an attractive opportunity for a long position. Using a Supply & Demand strategy, we aim to capitalize on this potential bullish impulse. The confluence of technical indicators and the historical behavior of the price at this level support our long setup strategy. Given these factors, we are looking to enter a long position, anticipating that the GBP/AUD pair will continue its upward trajectory. This strategic approach leverages the robust demand area, the oversold condition indicated by the stochastic, and the significant Fibonacci level, creating a compelling case for a bullish rebound.
Long
by FOREXN1
1
GBPAUD to find sellers at previous support?GBPAUD - 24h expiry The medium term bias remains bearish. The sequence for trading is lower lows and highs. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9150. We look to Sell at 1.9150 (stop at 1.9200) Our profit targets will be 1.9030 and 1.9000 Resistance: 1.9150 / 1.9200 / 1.9250 Support: 1.9050 / 1.9000 / 1.8950 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.
Short
by OANDA
1
GBPAUD I Potential short from resistance Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
6
Forex Signal Alert: GBPAUD Buy RecommendationDirection: Buy Enter Price: 1.90313 Take Profit: 1.90676 Stop Loss: 1.89759 We are currently recommending a Buy position on the GBPAUD currency pair based on our advanced predictive analytics model, EASY Quantum Ai. Several factors contribute to this forecast: 1. Technical Analysis : The recent price movement for GBPAUD has formed a bullish pattern, indicating potential upward momentum. Key indicators such as Moving Averages and Relative Strength Index (RSI) also support a bullish trend with less resistance. 2. Fundamental Analysis : Recent economic data from the UK reflects positive growth, including better-than-expected GDP growth and favorable employment figures. On the other hand, Australia's economy shows signs of slowing down, with weaker commodity prices influencing its trade balance negatively. 3. Market Sentiment : Sentiment analysis from market participants suggests increased optimism towards the British Pound, reflected in the increased open interest in buy positions. 4. Risk Management : Setting the Stop Loss at 1.89759 and the Take Profit at 1.90676 allows traders to manage risk effectively while capturing potential gains from the upward movement. This recommendation is derived from the EASY Quantum Ai strategy, which combines advanced algorithms and real-time data to provide accurate trading signals. Follow this signal closely and adjust your positions accordingly for optimal results. Stay vigilant, and may your trades be profitable! *End of Signal*
Long
by ForexRobotEasy
GBPAUD - 4hrs ( Buy Trade Target Range 180 PIP ) ☑Pair Name : GBP/AUD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— ✔️Bullish Break 1.90450 Area Reasons - Major Turn level / D - visible Range Hvn - Pattern Lower Band - Inner Trend break - Counter Trend Line - Inner Choch Area ✔️Bearish Reversal 1.92500 Area Reasons - mjaor Turn level / W - Pattern Upper Band - Quarters Zone - Fixed range Lvn - Fibo Golden Zone
Long
by GoldenEngine
4
GBP/AUD has a strong bearish momentum, could it fall further?Price is currently reacting off a resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could fall to our take profit. Entry: 1.90535 Why we like it: There is a pullback resistance level which lines up with the 23.6% Fibonacci retracement. Stop loss: 1.91057 Why we like it: There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement. Take profit: 1.89455 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPAUD I Potential return to previous structure broken Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy