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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD
Trade Setup

#GBPAUD
Total Profit: -357 pip
Closed trade(s): 0 pip Profit
Open trade(s): -357 pip Profit

Trade Setup:
We opened 7 BUY trades @ 1.77949 based on 'valley' entry method at 2022-04-29.

Open Profit:
Profit for one BUY trade is 1.77436(current price) - 1.77949(open price) = -51 pip
7 trade(s) still open, therefore total profit for open trade(s) is -51 x 7 = -357 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJuly 3, 2022 - 11:27
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.71754, beginning of uptrend is expected.
  • We make sure when the resistance at 1.81515 breaks.
  • If the support at 1.71754 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.75740 on 06/30/2022, so more gains to resistance(s) 1.77715, 1.79603 and maximum to Major Resistance (1.81515) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 58.

Take Profits:

  1. 1.79603
  2. 1.81515
  3. 1.83859
  4. 1.87528
  5. 1.89575
  6. 1.92135
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.