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GBP / AUD (GBPAUD)

MetisEtradePR · 9 · 5430

MetisEtradePR

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on: Nov 05, 2014, 05:30 PM


Support and Resistance Level


Last September, the channel resistance of the GBPAUD downtrend was breached. Since this breakup, there has been a consolidation which can be seen to have formed a flag chart pattern. Given that this pattern is a confirmation that the currency pair will pursue its uptrend, buying opportunity should be taken after the near resistance level at 1.83612 is broken. Profit-taking can be done before the 1.85509 level is reached.

Trend Indicators


The 50-day (red line) and 100-day (blue line) simple moving average (SMA) of GBPAUD indicates that the currency pair has been consolidating. Since the shorter term SMA crossed above the longer term SMA, this is a confirmation that there is a possibility for prices to continue rising. The 100-day SMA can serve as a support level of GBPAUD.

Oscillators


The relative strength index (RSI) of the daily chart reveals that the RSI level is neither overbought nor oversold. The RSI of GBPAUD is currently at 52.84. There is high possibility that the currency pair will continue to rise on condition that the RSI level is above 40 which is a confirmation of an uptrend. Since September, the RSI has been moving between 40 and 80.


MetisEtradePR

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Reply #1 on: Nov 28, 2014, 07:15 PM


Support and Resistance Level

The GBPAUD has been consolidating for over a year. The currency pair will possibly rebound from the strong resistance level at 1.85846 and continue the consolidation. A sell position is recommended in order to take advantage of this possible rebound. Profit taking should be done before the 1.83191 support level is reached.

Trend Indicators

The 10-week (red line) and 20-week (blue line) simple moving average of GBPAUD reveal that the currency pair has been consolidating for over a year and will most likely continue this consolidation. The SMAs can serve as a support level which confirms the possibility of a test of this level after bouncing back from the resistance. Profit-taking should be done before prices touch the SMAs.

Oscillators

The relative strength index (RSI) level of the GBPAUD four-hour chart confirms that the currency pair is nearly overbought at 63.17. Given that the RSI is above the 60.0 level, there is a possibility for the currency pair to move up in the short term before a reversal takes place. For this reason, a sell limit position would be more advisable.


MetisEtradePR

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Reply #2 on: Dec 22, 2014, 04:57 PM


Support and Resistance Level

The Pound-Aussie has been moving in a clear uptrend for over a month. The currency pair is about to retest the channel support of this uptrend at 1.91024. A buy position should be taken at the retest of this support level. Profit-taking should be done before the 1.92743 resistance level is reached.

Trend Indicators

The 120-hour (red line) and 200-hour (blue line) simple moving average of the daily chart reveals that the currency pair has been moving in an uptrend since the cross of the two simple moving averages last month. The simple moving averages can serve as a support level of this uptrend.

Oscillators

The relative strength index (RSI) of the GBPAUD four-hour chart reveals that the currency pair is neither overbought nor oversold. The RSI is currently at 54.24. Given that the RSI is above 40.0, this confirms that the currency pair will continue its uptrend.


MetisEtradePR

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Reply #3 on: Jan 29, 2015, 04:03 PM


There is pressure for the Reserve Bank of Australia to ease their monetary policy as the risk of disinflation brought about by falling oil prices worry the global economy. Europe, Canada, Singapore and India loosened their monetary policy in order to counter the downside risks to global inflation and growth which puts focus on the RBA’s move in its monetary policy statement on February 6. Australia’s CPI grew by 0.2% in the fourth quarter, slightly lower than the expected 0.3% CPI growth. There is a possibility that the RBA will cut growth and inflation forecasts in the next policy statement.


MetisEtradePR

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Reply #4 on: Feb 27, 2015, 05:45 PM


Support and Resistance Level


Looking at the GBPAUD pair with the H1 time frame, the British Pound has been moving in an uptrend but broke down the support at 1.98260. This triggered a reversal, pushing the price to move downwards until the secondary support at 1.967 is reached. As currency pair will possibly rebound from this level, a possible BUY LIMIT could be entered.

Trend Indicators

The 100-hour (red line) and 200-day (blue line) simple moving average of GBPAUD reveal that the commodity has generally been moving in a slightly upward direction, but is now consolidating. This indicates that the price can go either ways.

Oscillators


The relative strength index (RSI) for GBPAUD at the hourly chart reveals that the currency pair is neither overbought nor oversold at 54.128


MetisEtradePR

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Reply #5 on: Mar 06, 2015, 05:29 PM


Support and Resistance Level

Looking at the GBP AUD pair with the H4 time frame, the British pound has been moving within a range before dropping down to the support of 1.9502. The price now is has been slowly moving in an upward trend. A possible position to take is a BUY STOP at an entry price of 1.9566 with a stop loss of 1.9492 and a take profit of 1.9792. The next resistance that the price will hit is at 1.9860.

Trend Indicators

The 400-hour (red line) and 800-hour (blue line) simple moving average of GBPAUD reveal that the commodity has generally been moving in a slightly upward direction. This indicates that the price may continue to rise.

Oscillators

The relative strength index (RSI) for GBPAUD at the four-hourchart reveals that the currency pair is neither overbought nor oversold at 41.451. Therefore, there is room, for the currency pair to continue to go up.


MetisEtradePR

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Reply #6 on: Apr 16, 2015, 07:22 PM


Recently released labor market data from Australia pointed to improvements in the economy, a likely effect of the low interest rate set by the Reserve Bank of Australia. Australia’s unemployment rate dropped to 6.1% this March, the lowest since December last year, while the number of employed in rose unexpectedly by 37,700, triggering an extension of the currency’s gains against its peers.

Meanwhile, the impending election in the United Kingdom is stimulating uncertainty in the market as the difficulty in anticipating the likely winner also increased. In recent polls, David Cameron, the incumbent prime minister and leader of the Conservative party is tied with Ed Miliband, the leader of Labour party. The election for the 56th Parliament will be held on the 7th of May 2015.


MetisEtradePR

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Reply #7 on: Apr 17, 2015, 05:50 PM


Support and Resistance Level

Looking at the GBPAUD pair with the H4 time frame, the British pound has been playing within a range, forming a triangle pattern. The price of the currency pair is nearing one of the major supports at 1.9089. A possible position to take with the current price is a buy limit at 1.9152, with the stop loss being 1.9026, and the take profit price at 1.9407. A240-250 pip profit is expected from this trade.

Trend Indicators

The 100-period (red line) and 200-period (blue line) simple moving averages on the 4-hour chart reveal that the currency has generally been ranging. A cross of the fast SMA over the slow SMA would indicate bullishness in the short-term. Resistance from the moving averages could be found between 1.9325 and 1.9340.

Oscillators

The relative strength index (RSI) for GBPAUD on the 4-hourchart reveals that the currency pair is neither overbought nor oversold 40.226. The recent bounce from RSI level 30, however, indicates a resumption of a bullish trend in the short-run.


SuperForex

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Reply #8 on: Dec 13, 2016, 08:41 PM
Technical analysis of the currency pair AUD/USD on 13/12/2016. The daily chart

General analysis
Currency pair AUD/USD continued to move sideways last week by forming the maximum on Friday – 0.7495. However, last trading week closed with a black candlestick with a big body and it is contrary to growth opportunities.

The first trading day of the current week was held under the auspices of the bulls and now we can see a return to growth and the approximation of prices to the local maximum at 0.7686.

The graph of Stochastic indicator tells us about the presence of the upward trend but the price has already approached close to overbought level so opening of transactions now will be quite a risky occupation.

Next few days
This currency pair is already moving sideways for a long time. Current price channel is 0.7700-0.7300 and at the moment there is every reason to expect the test the upper boundary of the channel at 0.7700.  However, given the resistance level at 0.7550 there is the probability forming of the peak and further decreases to the bottom of the channel 0.7330.

After overcoming of local maximum at 0.7505 we can consider to open a long deals with target points by 0.7640.



 


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