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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 Sell Zone (1.8370 to 1.8510). 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 (1.8370)
    • Resistance on 12/24/2013
    • Support on 01/02/2014
    • Resistance on 01/07/2014
    • Support on 01/08/2014
    • Resistance on 01/14/2014
    • Resistance on 01/15/2014
    • Resistance on 02/10/2014
    • Support on 02/13/2014
    • Support on 03/07/2014
    • Support on 03/11/2014
    • Support on 03/13/2014
    • Support on 03/14/2014
    • Resistance on 03/18/2014
    • Resistance on 03/20/2014
    • Resistance on 07/03/2014
    • Resistance on 07/04/2014
    • Resistance on 07/16/2014
    • Resistance on 09/19/2014
    • Support on 09/23/2014
    • Support on 09/24/2014
    • Support on 09/25/2014
    • Resistance on 10/07/2014
    • Resistance on 10/08/2014
    • Resistance on 10/09/2014
    • Resistance on 10/14/2014
    • Resistance on 10/16/2014
    • Resistance on 10/22/2014
    • Resistance on 10/24/2014
    • Resistance on 11/12/2014
    • Support on 01/12/2015
    • Support on 01/15/2015
    • Support on 01/16/2015
    • Support on 01/19/2015
    • Support on 01/20/2015
    • Support on 01/21/2015
    • Support on 04/14/2016
    • Support on 04/15/2016
    • Support on 04/18/2016
    • Support on 04/19/2016
    • Support on 04/20/2016
    • Support on 04/21/2016
    • Resistance on 03/22/2018
    • Resistance on 03/23/2018
    • Resistance on 03/26/2018
    • Resistance on 03/29/2018
    • Resistance on 04/02/2018
    • Resistance on 04/03/2018
    • Peak on 04/04/2018
    • Resistance on 04/04/2018
    • Resistance on 04/06/2018
    • Resistance on 04/09/2018
    • Resistance on 04/10/2018
    • Resistance on 04/11/2018
    • Resistance on 04/12/2018
    • Resistance on 04/13/2018
    • Resistance on 04/19/2018
    • Resistance on 09/11/2018
  • Ending of entry zone (1.8510)
    • Resistance on 12/18/2013
    • Resistance on 12/19/2013
    • Resistance on 12/26/2013
    • Support on 12/30/2013
    • Support on 12/31/2013
    • Resistance on 01/03/2014
    • Resistance on 01/08/2014
    • Support on 01/17/2014
    • Support on 01/22/2014
    • Support on 02/03/2014
    • Resistance on 02/17/2014
    • Resistance on 02/18/2014
    • Resistance on 02/21/2014
    • Resistance on 02/24/2014
    • Resistance on 02/25/2014
    • Support on 09/29/2014
    • Support on 09/30/2014
    • Support on 10/01/2014
    • Resistance on 10/10/2014
    • Resistance on 10/13/2014
    • Resistance on 11/07/2014
    • Resistance on 11/26/2014
    • Resistance on 11/27/2014
    • Resistance on 11/28/2014
    • Support on 12/03/2014
    • Support on 01/08/2015
    • Support on 01/13/2015
    • Support on 01/14/2015
    • Support on 01/21/2015
    • Support on 04/01/2016
    • Support on 04/04/2016
    • Support on 04/07/2016
    • Support on 04/13/2016
    • Resistance on 04/18/2016
    • Resistance on 04/21/2016
    • Peak on 03/28/2018
    • Resistance on 03/28/2018

DateSeptember 16, 2018 - 23:15
Currentrange bound
Forecastbeginning of downtrend

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:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.8110 on 09/13/2018, so more gains maximum to Trend Hunter Sell Zone (1.8370 to 1.8510) 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 68.

Take Profits:

  1. 1.8110
  2. 1.7940
  3. 1.7800
  4. 1.7650
  5. 1.7500
  6. 1.7285
  7. 1.7065
  8. 1.6860
  9. 1.6550
  10. 1.6160
  11. 1.5790
  12. 1.4375
Click on the level to view price action history.