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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 (1.6270 to 1.5760). 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 (1.6270)
    • Support on 09/08/2017
    • Support on 09/07/2017
    • Support on 09/06/2017
    • Resistance on 09/01/2017
    • Support on 08/31/2017
    • Resistance on 08/29/2017
    • Support on 07/21/2017
    • Support on 07/20/2017
    • Support on 03/31/2017
    • Support on 03/28/2017
    • Resistance on 03/22/2017
    • Resistance on 03/03/2017
    • Resistance on 02/24/2017
    • Resistance on 02/23/2017
    • Resistance on 02/22/2017
    • Resistance on 02/21/2017
    • Resistance on 02/20/2017
    • Resistance on 02/17/2017
    • Resistance on 02/16/2017
    • Resistance on 02/15/2017
    • Resistance on 11/09/2016
    • Resistance on 11/07/2016
    • Resistance on 11/03/2016
    • Resistance on 10/12/2016
    • Resistance on 10/11/2016
    • Support on 10/07/2016
    • Support on 07/11/2013
    • Support on 07/05/2013
    • Support on 06/17/2013
    • Support on 06/14/2013
    • Support on 06/13/2013
    • Resistance on 06/06/2013
    • Resistance on 10/04/2011
    • Resistance on 08/09/2011
    • Support on 03/20/2011
    • Support on 03/18/2011
    • Support on 03/17/2011
    • Resistance on 03/15/2011
    • Resistance on 02/23/2011
    • Resistance on 12/01/2010
    • Resistance on 11/26/2010
    • Resistance on 11/23/2010
    • Resistance on 11/19/2010
    • Resistance on 11/17/2010
    • Support on 11/15/2010
    • Resistance on 11/02/2010
    • Support on 10/31/2010
    • Support on 10/29/2010
    • Resistance on 10/27/2010
    • Resistance on 10/12/2010
    • Resistance on 10/08/2010
    • Resistance on 10/07/2010
    • Resistance on 10/03/2010
    • Resistance on 10/01/2010
    • Support on 09/29/2010
    • Support on 05/14/2010
    • Support on 05/13/2010
    • Support on 05/07/2010
    • Trough on 03/26/2010
    • Trough on 03/25/2010
    • Support on 03/25/2010
    • Support on 03/10/2010
  • Ending of entry zone (1.5760)
    • Support on 10/26/2016
    • Support on 10/07/2016
    • Support on 05/31/2013
    • Resistance on 05/30/2013
    • Resistance on 05/29/2013
    • Resistance on 10/03/2012
    • Support on 06/05/2012
    • Resistance on 05/03/2012
    • Resistance on 11/28/2011
    • Support on 11/21/2011
    • Resistance on 11/18/2011
    • Resistance on 11/17/2011
    • Resistance on 11/10/2011
    • Resistance on 10/12/2011
    • Support on 10/07/2011
    • Support on 10/06/2011
    • Support on 09/28/2011
    • Resistance on 09/22/2011
    • Resistance on 08/24/2011
    • Resistance on 08/17/2011
    • Resistance on 08/16/2011
    • Resistance on 08/15/2011
    • Support on 08/08/2011
    • Resistance on 08/05/2011
    • Support on 03/24/2011
    • Support on 02/25/2011
    • Support on 02/08/2011
    • Support on 02/04/2011
    • Support on 01/13/2011
    • Support on 12/14/2010
    • Trough on 10/26/2010
    • Trough on 10/25/2010
    • Support on 10/25/2010

DateSeptember 9, 2017 - 21:52
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • The current trend is downtrend but the forecast is beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 1.6160 on 09/08/2017, so more gains to resistance(s) 1.6550, 1.6710, 1.6860 and more heights 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 53.

Take Profits:

  1. 1.6550
  2. 1.6710
  3. 1.6860
  4. 1.7120
  5. 1.7455
  6. 1.7650
  7. 1.7860
  8. 1.8135
  9. 1.8300
  10. 1.8660
  11. 1.9440
  12. 2.0000
  13. 2.0535
  14. 2.1470
  15. 2.2400
Click on the level to view price action history.