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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.8725 to 1.8825). 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 (1.8725)
    • Resistance on 01/17/2014
    • Resistance on 01/20/2014
    • Resistance on 01/21/2014
    • Resistance on 01/22/2014
    • Support on 01/30/2014
    • Support on 01/31/2014
    • Resistance on 02/03/2014
    • Resistance on 12/04/2014
    • Support on 12/08/2014
    • Support on 01/06/2015
    • Resistance on 01/08/2015
    • Resistance on 01/14/2015
    • Resistance on 01/15/2015
    • Resistance on 01/21/2015
    • Resistance on 01/22/2015
    • Support on 03/17/2016
    • Support on 03/24/2016
    • Support on 03/25/2016
    • Support on 03/30/2016
    • Support on 03/31/2016
    • Support on 04/05/2016
    • Resistance on 04/07/2016
    • Resistance on 04/08/2016
    • Resistance on 04/22/2016
    • Resistance on 10/10/2018
    • Peak on 10/11/2018
    • Resistance on 10/11/2018
    • Resistance on 02/28/2019
    • Resistance on 03/01/2019
    • Resistance on 03/04/2019
    • Resistance on 03/06/2019
    • Resistance on 03/07/2019
    • Resistance on 03/12/2019
    • Resistance on 03/19/2019
    • Resistance on 03/20/2019
    • Resistance on 03/27/2019
  • Ending of entry zone (1.8825)
    • Resistance on 03/03/2014
    • Support on 12/11/2014
    • Support on 01/05/2015
    • Support on 03/24/2015
    • Support on 03/25/2015
    • Support on 03/16/2016
    • Support on 03/17/2016
    • Support on 03/29/2016
    • Resistance on 04/05/2016
    • Resistance on 04/07/2016
    • Resistance on 04/11/2016
    • Resistance on 04/26/2016
    • Resistance on 03/13/2019
    • Resistance on 03/14/2019

DateApril 20, 2019 - 17:37
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 a downtrend wave below 1.90300 would begin in Midterm.

Technical analysis:

  • The RSI support #1 at 44 is broken, so the probability of beginning of downtrend is increased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.8610 on 04/03/2019, so more losses to support(s) 1.8110, 1.7940, 1.7650 and more depths 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 39.

Take Profits:

  1. 1.8370
  2. 1.8215
  3. 1.7940
  4. 1.7650
  5. 1.7285
  6. 1.6860
  7. 1.5790
Click on the level to view price action history.