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GbpAud analysis Today
Major support and resistance Points:
Support 1.8566
Support 1.8540
Support 1.8527
Resistance 1.8580
Resistance 1.8611
Resistance 1.8638
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
The fuming unsuccessful to capitalize once mention to the augmented-than-received headline UK PMI print-led goodish uptick and drifted into the negative territory for the second consecutive session together along in the midst of some intense selling inversion to the British Pound.
The latest leg of a hasty slip more than the postscript couple of hours followed some negative Brexit headlines, wherein the UK Labour Party's John McDonnell said that there were not many Labour MPs to minister to PM May's Brexit arbitration.
McDonnell other announced that the Labour Party will vote contiguously the no-accord Brexit and that the party is planning to sponsorship the amendment upon the Brexit referendum, which eventually weighed heavily upon the Sterling.
The gnashing your teeth outstretched its retracement slide from 2-1/2 month tops, levels just above mid-148.00s touched upon Friday, and dropped to a multi-daylight low level of 146.60, albeit the bearish pressure now seems to have abated.
The prevalent offered impression surrounding the Japanese Yen, despite cautious environment across equity markets, turned out to be the unaided factor extending withhold and helped limit deeper losses, at least for the time's mammal.
It would now be charming to see if the exasperated is competent to locate some buying at demean levels as they find the child maintenance for participants now sees the control to the BoE Governor Mark Carneys testimony in the back the House of Lords Economic Affairs Committee.
GBPAUD Analysis
Support 1.8404
Support 1.8301
Support 1.8110
Resistance 1.8690
Resistance 1.8880
Resistance 1.8980
GBP/AUD
This pair denotes how many Australian Dollars are needed to purchase one British Pound. Often, the Australian Dollar is referred to as a risk currency due to its relatively higher interest rates and correlation to global equity markets. The British Pound depreciated relative to the Australian Dollar after 2008 and only began making a significant rebound in 2013 in light of declining growth in China and a slowdown in the global commodity supercycle, which has hurt Australia's largest sector, mining.
GBP/AUD Analysis
Support 1.8402
Support 2.8303
Support 3.8111
Resistance 1.8692
Resistance 2.8881
Resistance 3.8984
Today live gbpaud currently currencies Price is 1.86185
Today by checking the all routine of the chart I think that the most profitable sell point will be 1.86008
And today I think that the most profitable buy point will be 1.86298
Hope you will follow me and will get more money because I posted this after checking the market carefully Good luck my friend.
My all best wishes are with you.
Please don't forget to thank me.
Thanks for reading my post.
Today analysis for the pair of : gbp/aud
Trading opinion for the best profitable trade: Open buy
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level
1 Resistance : 1.8690
2 Resistance : 1.8720
3 Resistance : 1.8750
Supporting level
1 Supporting : 1.8630
2 Supporting : 1.8600
3 Supporting : 1.8570
my dear sir today of my tachnical analysis is bullish trend seems to be taking place on the gbp aud pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at 1.86469 and strong support at level 1.85542 in hourly time frame there is possible chance price will move to up side then next high price is 1.8864
bullish trend seems to be taking place on the GBPAUD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.Quote:
Originally Posted by irmafuad
This pair can continue bullish trend, now current price at 1.8648 and strong support at level 1.8626 in hourly time frame. there is possible chance price will move to up side. then next high price is 1.8699
resistent level 1 - 1.8778
resistent level 2 - 1.8741
resistent level 3 - 1.8707
pivot point - 1.8670
support level 1 - 1.8636
support level 2 - 1.8599
support level 3 - 1.8565
I suggest to entry BUY with stoploss at 1.8613 and take profit at 1.8698
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss
As you can see on the chart of GBPAUD the prices is now upper than the EMA line of 15 which could be used as a good sign of bullish trend for today.
Also the power line indicator is now below the 50 level which indicates a good downward direction signal.
One important thing else is the power momentum indicator which as you can see show a low power of the bullish trend which can be used to filter the entry of buy positions.
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