GBP/AUD - Page 2
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Thread: GBP/AUD

  1. #11
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    There still no sign for a reversal on this D1 chart, but if the price is stopped once again on fibo 0.0 then it could be a good reversal signal with double top pattern there. Base on this chart analysis, i think it would better to place long position above fibo 0.0. Then take short position when formed a double top at fibo 0.0.

    gbpauddaily.png

  2. #12
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    A bullish rally could sent the price to hit the top line but i think bullish has been hit the climax line there. and now the price is moving convergence with the downtrend channel. I think it will be continue decrease to touch and re-test fibo 0.0 @1.7205 again.

    gbpaudh1.png

  3. #13
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    GBP/AUD still running with a strong bearish trend and it almost touch the strong support at 1.7010. If it still strong enough breakout this support then price is potential to touch next support on 1.6875, else it will back to re-test technical resistance at 1.7115.


  4. #14
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    The last week trades for gbp/aud was dominated by a bearish trend and success breakout the uptrend channel here. So, this pair is potential continue bearish again for next week trades. Consider fibo exp levels for the downside target there. In case the price turns back and breakout fibo 23.6 then it need to exit from selling.


  5. #15
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    The chance to make re-test on technical resistance 1.7076 still opens here, but if the bull was stopped with just created new lower high at any level, then it will give a good opportunity for bearish taking back the domination for the next directions. By the way, if bullish could up break resistance then it will be continue the domination to reach up to 1.7150.

    gbpaudh1.png

  6. #16
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    On the hourly chart we can see the downtrend channel there and the price move down from the top line of the channel. So, i expect this pair will continue the bearish domination to re-touch the technical support at 1.6835. For the opposite direction, it need to consider for buying after a breakout of resistance 1.6951.


  7. #17
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    Lets check on daily chart now. The price already touched the bottom line of downtrend channel there and rejected by the technical support 1.6835, so it could make this pair move upwards to resistance 1.7082 again. In case the price can breakout support then it is good opportunity to follow the bearish trend there.


  8. #18
    The currency pair GBP / AUD today price decline continued, and the pair fell to the level of support in the 1.6738 price, but as long as it is not secured by, and Stochastic indicators, and macd on the hourly chart, the pair may be the beginning of the movement in the price level of resistance of 16788 may slightly higher.

  9. #19
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    GBPAUD was one of my favorites this week, the pair captured 503 pips for me in just this week. This pair is much more volatile because it has already confirmed the total bearish pattern on the monthly chart, and it is aiming for 1.6143 as the initial target before testing 1.5670. The overall trend is bearish next week targeting 1.6143 as the initial target.
    gbpaud.PNG

  10. #20
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    After rebounced from the technical resistance of 1.6745, now the price is testing the bottom line of uptrend channel. If the price can breakout the channel then bearish is gain strong confirmation and it will be continue falling down to touch support 1.6661 or support 1.6586.

    gbpaudh1.png

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