Thread: Gbp/Aud
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GBP/AUD Tradertip Technical Report and Forecast for Thursday 12 March 2015
It looks more likely that it would rise to 1.9808 - 1.9949 from 1.9644 or 1.9573. After which a downside move is expected.
Last edited by pritishahfx; 2015-03-12 at 11:34 PM.
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GBP/AUD Tradertip Technical Report and Forecast for Wednesday 11 March 2015
One move lower to 1.9641 or 1.9538 is anticipated while below 1.9782 - 1.9834 area. Stop loss above 1.9923 zone.
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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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
With regard to trades that day will be watching the price movement among level (1.9618) and level (1.9573) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.9458)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
GBPAUD
Failure to break the ascending trend channel resistance drove down the GBPAUD that seems declining towards testing 1.9360 support, including 23.6% Fibo of its September 2014 to February 2015 up-move. On the break of 1.9360, the 1.9200 and the 23.6% Fibo, near 1.8950, immediately followed by the 1.8860 – 1.8850 support-zone, including 100-day SMA and support-line of the channel, are likely restricting the decline of the pair. Should it break below 1.8850, it can register considerable decline to 1.8400 region. On the upside, 1.9830 and the 2.0000 psychological mark, quickly followed by the trend channel resistance, near 2.0080, could restrict the near-term upside of the pair. On the sustained break of 2.0080, the pair could gain noticeable gains to rally towards 2.0600 mark.
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The price of the pair moves starting wave (1.9850) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.9626) and (1.9710 It is worth mentioning that the current wave goal access to the area (1.9465) and with respect to trades that day will be watching the movement Price among level (1.9488) and level (1.9570) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.9497) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases, the closer the level is to be tested (1.9701)
---------- Post added 03-06-2015 at 01:19 PM ---------- Previous post was 03-05-2015 at 07:30 PM ----------
The price of the pair moves starting from the wave (1.9850) It is noted that the limits of the main trend line drawn for this wave along the between-level (1.9559) and (1.9605 It is worth mentioning that the current wave goal access to the area (1.9465)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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