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Thread: Gbpaud

  1. #1
    jonsmith is offline Senior Member
    Join Date
    Sep 2015
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    100

    Default Gbpaud

    The secondary trend of GBP/AUD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
    Resistance level of 2.0610 and Support level of 2.0145
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

    INDICATORS:-
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: GBP/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  2. #2
    jonsmith is offline Senior Member
    Join Date
    Sep 2015
    Posts
    100

    Default

    GBPAUD


    The primary trend of GBP/AUD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and is taking resistance of 50 day SMA indicating downtrend of the pair.
    Resistance level of 1.9105 and Support level of 0.8885
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    GBPAUD.jpg
    INDICATORS:-
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: GBP/AUD is looking bullish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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