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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.8900 to 1.9080). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.8900)
    • Resistance on 12/09/2014
    • Resistance on 12/10/2014
    • Support on 01/02/2015
    • Support on 01/28/2015
    • Support on 03/26/2015
    • Support on 03/09/2016
    • Support on 03/10/2016
    • Support on 03/18/2016
    • Support on 03/21/2016
    • Resistance on 03/30/2016
    • Resistance on 04/05/2016
    • Resistance on 04/26/2016
    • Resistance on 10/22/2019
    • Resistance on 10/24/2019
    • Support on 11/19/2019
    • Support on 11/20/2019
    • Support on 11/22/2019
    • Support on 11/25/2019
    • Support on 12/03/2019
  • Ending of entry zone (1.9080)
    • Resistance on 12/11/2014
    • Resistance on 12/12/2014
    • Resistance on 12/15/2014
    • Support on 12/23/2014
    • Support on 12/24/2014
    • Resistance on 12/30/2014
    • Resistance on 01/02/2015
    • Resistance on 01/26/2015
    • Resistance on 03/26/2015
    • Support on 04/09/2015
    • Support on 04/20/2015
    • Support on 04/28/2015
    • Support on 05/05/2015
    • Support on 05/06/2015
    • Support on 05/07/2015
    • Support on 03/04/2016
    • Support on 03/07/2016
    • Support on 03/08/2016
    • Resistance on 03/18/2016
    • Resistance on 03/21/2016
    • Support on 05/03/2016
    • Support on 06/13/2016
    • Support on 06/14/2016
    • Support on 06/15/2016
    • Support on 06/16/2016
    • Resistance on 10/16/2019
    • Resistance on 11/19/2019
    • Resistance on 11/27/2019
    • Resistance on 11/28/2019
    • Resistance on 12/02/2019
    • Resistance on 12/19/2019
DateDecember 28, 2019 - 17:34
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.95250, beginning of downtrend is expected.
  • We make sure when the support at 1.86500 breaks.
  • If the resistance at 1.95250 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 1.90925 on 2019-10-16 and the peak at 1.95215 on 2019-12-16, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.9525 on 12/16/2019, so more losses minimum to Major Support (1.8650) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Take Profits:

  1. 1.8650
  2. 1.8365
  3. 1.8165
  4. 1.7880
  5. 1.7560
  6. 1.7285
  7. 1.6860
  8. 1.6550
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Australian Dollar (GBPAUD) Sun, 14 Apr 2024
British Pound / Australian Dollar (GBPAUD) Sat, 6 Apr 2024
British Pound / Australian Dollar (GBPAUD) Mon, 1 Apr 2024
British Pound / Australian Dollar (GBPAUD) Sat, 30 Mar 2024
British Pound / Australian Dollar (GBPAUD) Mon, 25 Mar 2024
History
Daily-Trading-Opportunities on GBPAUD.