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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.8253 to 1.8127). 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 (1.8253)
  • Ending of entry zone (1.8127)

DateDecember 12, 2021 - 18:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.81270, beginning of uptrend is expected.
  • We make sure when the resistance at 1.91500 breaks.
  • If the support at 1.81270 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 47 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.8916 on 12/03/2021, so more losses to support(s) 1.8420, 1.8253 and minimum to Major Support (1.8127) 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 48.

Take Profits:

  1. 1.8420
  2. 1.8523
  3. 1.8644
  4. 1.8765
  5. 1.8953
  6. 1.9150
Click on the level to view price action history.