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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 Buy Zone (1.7870 to 1.7695). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.7870)
    • Resistance on 06/18/2018
    • Resistance on 06/19/2018
    • Resistance on 06/27/2018
    • Resistance on 06/28/2018
    • Resistance on 06/29/2018
    • Resistance on 07/16/2018
    • Resistance on 07/17/2018
    • Support on 09/05/2018
    • Support on 10/30/2018
    • Support on 10/31/2018
    • Support on 11/12/2018
    • Support on 11/13/2018
    • Support on 11/14/2018
    • Support on 12/27/2018
    • Resistance on 01/10/2019
    • Resistance on 01/11/2019
    • Resistance on 01/14/2019
    • Resistance on 01/15/2019
    • Support on 02/05/2019
    • Support on 02/06/2019
    • Support on 07/03/2019
    • Support on 07/04/2019
    • Support on 07/05/2019
    • Resistance on 07/15/2019
    • Resistance on 08/01/2019
    • Resistance on 08/09/2019
    • Resistance on 08/14/2019
    • Resistance on 08/15/2019
    • Support on 08/21/2019
    • Support on 08/22/2019
    • Support on 09/09/2019
    • Support on 09/12/2019
    • Support on 06/29/2020
    • Support on 06/30/2020
    • Support on 07/06/2020
    • Support on 07/07/2020
  • Ending of entry zone (1.7695)
    • Resistance on 07/20/2016
    • Resistance on 07/21/2016
    • Resistance on 07/22/2016
    • Resistance on 07/27/2016
    • Resistance on 09/12/2016
    • Resistance on 09/13/2016
    • Support on 11/30/2017
    • Support on 12/07/2017
    • Support on 12/11/2017
    • Resistance on 01/25/2018
    • Support on 02/05/2018
    • Support on 02/08/2018
    • Resistance on 02/13/2018
    • Resistance on 02/14/2018
    • Support on 02/21/2018
    • Support on 02/28/2018
    • Support on 03/01/2018
    • Support on 03/08/2018
    • Support on 03/14/2018
    • Support on 03/15/2018
    • Support on 05/21/2018
    • Support on 05/22/2018
    • Resistance on 05/30/2018
    • Resistance on 06/01/2018
    • Resistance on 06/08/2018
    • Resistance on 06/13/2018
    • Support on 07/09/2018
    • Support on 07/10/2018
    • Support on 07/24/2018
    • Support on 07/30/2018
    • Resistance on 08/03/2018
    • Resistance on 08/23/2018
    • Resistance on 08/24/2018
    • Support on 11/23/2018
    • Support on 11/26/2018
    • Resistance on 11/28/2018
    • Resistance on 12/06/2018
    • Resistance on 12/07/2018
    • Resistance on 12/10/2018
    • Support on 12/20/2018
    • Support on 01/10/2019
    • Support on 01/11/2019
    • Support on 01/15/2019
    • Support on 07/18/2019
    • Support on 07/22/2019
    • Support on 07/23/2019
    • Support on 07/29/2019
    • Support on 08/01/2019
    • Support on 08/09/2019
    • Support on 08/12/2019
    • Support on 08/13/2019
    • Support on 08/14/2019
    • Support on 07/22/2020
DateJuly 26, 2020 - 16:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.75600, beginning of uptrend is expected.
  • We make sure when the resistance at 1.84500 breaks.
  • If the support at 1.75600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.80545 on 2020-06-03 and the trough at 1.7694 on 2020-07-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.7686 on 07/22/2020, so more gains to resistance(s) 1.8200 and maximum to Major Resistance (1.8450) 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 47.

Take Profits:

  1. 1.8200
  2. 1.8450
  3. 1.8900
  4. 1.9275
  5. 1.9535
  6. 2.0535
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.