Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/AUD reversed from resistance zone
2019-11-11 • Updated
- GBP/AUD reversed from resistance zone
- Next sell target - 1.6800
GBP/AUD continues to fall inside the intermediate impulse wave (3), which started earlier from the combined resistance area lying at the intersection of the key resistance level 1.7130 (top of the previous minor correction 2 from July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from the start of May. GBP/AUD is expected to fall to the next sell target at the next support level 1.6800.
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GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...