website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

Download MT4 template file

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 2, 2021 - 22:04
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.74900, beginning of uptrend is expected.
  • We make sure when the resistance at 1.79850 breaks.
  • If the support at 1.74900 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.7905 on 12/16/2020, so more losses to support(s) 1.7695 and minimum to Major Support (1.7490) 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 41.

Supports and Resistances:

  1. 2.0535
  2. 1.9535
  3. 1.9135
  4. 1.8450
  5. 1.8235
  6. 1.7490
  7. 1.7285
  8. 1.6860
  9. 1.6550
Click on the level to view price action history.