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GBPAUD trade ideas

GBPAUD: Curve AnalysisBEARS: Based on the disparity in economic data between the UK and Australia, it indicates a potential decrease in the value of the Pound in relation to the Aussie Dollar. If the sentiment has been oversold since June 10, 2024, it could indicate a possible correction, which would counter the downtrend and move towards the upside. BULLS: This analysis suggests that there are positive indicators pointing towards a possible recovery of GBP on the 1-day timeframe. However, it is important to note that this will only hold true if the Price Action closes above 1.8975. If we observe an uptrend, it is likely that Price Action will revert back to the downtrend starting from the Resistance (Proximal) @ 1.9006 or slightly above at the Resistance (Distal) @ 1.9058. SUMMARY Based on the resistance levels, it is expected that the price action will continue to decline and reach the demand level around 1.8638.
by ProfessorCEWard
SELL GBPAUD for downtrend continuation STOP LOSS : 1.9116SELL GBPAUD for downtrend continuation STOP LOSS : 1.9116 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
GBPAUD: Possible reversal near the red zoneGBPUSD: Possible reversal near the red zone From our previous structure analysis, the price reacted very well and tested the 1.8960 area after a long time. On the left side of the structure, it is observed that the price has reacted well in the past. Chances are that once the GBPAUD develops more to show more clarity, we may see the price rising again as shown on the chart. PS: it is not ready yet You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Previous analysis:
Long
by KlejdiCuni
1
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