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Weekly forecast British Pound vs. Australian Dollar technical chart
Symbol GBPAUD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.7860 to 1.7995). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.7860)
    • Resistance on 02/05/2018
    • Resistance on 02/02/2018
    • Resistance on 12/11/2017
    • Resistance on 07/01/2016
    • Support on 06/30/2016
    • Support on 06/27/2016
    • Support on 11/18/2014
    • Support on 11/17/2014
    • Support on 11/14/2014
    • Support on 09/17/2014
    • Support on 09/16/2014
    • Support on 09/12/2014
    • Resistance on 09/11/2014
    • Resistance on 09/02/2014
    • Peak on 08/26/2014
    • Resistance on 08/26/2014
    • Resistance on 08/25/2014
    • Support on 08/20/2014
    • Support on 08/19/2014
    • Support on 08/15/2014
    • Support on 06/12/2014
    • Support on 06/11/2014
    • Support on 06/10/2014
    • Support on 05/15/2014
    • Support on 05/14/2014
    • Support on 04/16/2014
    • Support on 04/09/2014
    • Support on 04/08/2014
    • Support on 03/28/2014
    • Support on 12/05/2013
    • Resistance on 07/07/2010
    • Support on 07/02/2010
    • Resistance on 06/08/2010
    • Resistance on 06/07/2010
    • Support on 02/09/2010
    • Support on 02/02/2010
    • Support on 02/01/2010
    • Support on 01/27/2010
    • Support on 01/26/2010
    • Resistance on 01/24/2010
    • Support on 01/22/2010
    • Support on 01/21/2010
    • Support on 12/31/2009
    • Resistance on 12/14/2009
    • Resistance on 12/11/2009
    • Support on 12/09/2009
    • Support on 12/08/2009
    • Support on 12/04/2009
    • Support on 12/03/2009
    • Support on 12/02/2009
    • Support on 12/01/2009
    • Support on 11/16/2009
    • Support on 11/15/2009
    • Support on 11/13/2009
    • Support on 10/28/2009
    • Resistance on 10/27/2009
    • Resistance on 10/26/2009
    • Support on 10/22/2009
    • Resistance on 10/20/2009
    • Resistance on 10/19/2009
    • Resistance on 10/18/2009
    • Resistance on 10/16/2009
  • Ending of entry zone (1.7995)
    • Resistance on 02/08/2018
    • Peak on 12/08/2017
    • Resistance on 12/08/2017

DateSat, 02/10/2018 - 23:56
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.7350 on 01/29/2018, so more gains maximum to Trend Hunter Sell Zone (1.7860 to 1.7995) 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 56.

Take Profits:

  1. 1.7650
  2. 1.7565
  3. 1.7365
  4. 1.7205
  5. 1.6860
  6. 1.6550
  7. 1.6160
  8. 1.5790
  9. 1.4375
Click on the level to view price action history.