significant level 0.6 got pushed through today. Next target will be 0.62. 1-2.88
Expect Reserve Bank of Australia (RBA) rates to stay stagnant. There has been a drop in auction clearance rates and property values across previously hot markets of Melbourne and Sydney due to APRA's interest only lending changes, but this is nothing to cause concern for the RBA. We can see the beginning of a downtrend on AUDGBP as confirmed by a lack of buying...
We see an immediate fall in price from current level.
I'll be constantly looking in the future on this pair for potential entries. Updates will follow soon.
In my opinion this is a very positive pattern. Might take some time to break out though. No shorting.
On the Weekly chart of AUDGBP we are looking at a possible big five wave move in progress, with price now trading in an unfolding sub-wave 2, after a higher degree wave 1 had found its top at the 0.634 level. If that is the case then a three wave corrective move may now be in action, with pair trading in the first wave a-circled of this three wave move.
AUDGBP rebound in H4 channel and try to go upp towards 0.579
Hello Traders It is time to watch for the right entry... Strategy 1 Entry 1.7135 TP: 1.7370 SL: 1.6990 Strategy 2 Entry 1.7020 TP: 1.7620 SL: 1.6700 Tell the true Normally I dont setup SL.... Because My trading Level is 1:10... I trade with hobby, knowledge, experience, project and investment... not for living cost... Living cost is kill your dream and kill your...
On May 9, MacroView issued a short idea on AUDUSD and highlighted the strong correlations with copper and gold, which we would see the trifecta fall 2.93 percent, 4.90 percent and 6.68 percent respectively. We've seen all three etch out bottoms in early June, yet copper is retesting those lows on unexpected increases in inventories. The AUDUSD went big following...
The area in the red circle represents past structure, support level which could possibly become resistance with 0.3 Fib retracement and Over-bought market. Good entry point for short. If breaks, all signs available for expectations of a new upward trend.
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
A potential buy position from the emerging cypher completion at D (0.5123) area with two profit targets. Potential 92 PIPS in the apple!
The analysis above is just my overall bias on the pair. Price has reached the bottom of the channel (also the completion of a harmonic wave) and is beginning print higher lows (indicating a possible uptrend). However, price is still struggling to break resistance (shaded grey area). I will be monitoring this pair for a LONG entry once resistance is broken. Entry...
AUDGBP reacted nice off this big picture demand area, gapping into it in the process. This formed an intermediate demand zone within the bigger zone. A return to this price should see a rallying reaction. Profit margin is dependent on supply zones that form on the return to ~0.50300 but a sharp drop should see a 5:1 R/R.
AUDGBP has found some support (demand) at the psychological level of 0.50000. It seems that the demand zone is in control, driving prices higher and invalidating previous resistance (supply). As prices fall back to intermediate demand zones, long trades can be initiated for intra-day traders while position traders may add to positions or adjust positions. AUDGBP...