What Assets to Trade after Today In addition to EURGBP, trading GBPCAD, GBPAUD and GBPUSD can be a good strategy as the aforementioned pairs are highly reactive to the Britain’s economic news.
At the beginning of September our Elliott Wave analysis of $GBPAUD suggested that we were still in large correction from the 2.24059 high. The pair was doing correction ((x)) against the mentioned high and our Elliott …
We have seen deep three wave decline in on GBPAUD from August highs that can be now coming to an end after recent nice turn up from 2.0785 area. Notice that there was a triangle in wave (B) so recent leg down must be …
More hawkish bias from the RBA last night initiated what looks to be a double-top reversal pattern in GBPAUD, which is overextended to the upside and may now be a prime target for a short trade. GBPAUD can be a tough …
This week’s idea is to focus on an entry point that takes into consideration the market weakness we had last week. ORCL has an obvious technical gap to fill down around 43. The Trade of the Week will require patience …
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Notes: GBPAUD is trading within the confines of a descending median-line formation off the weekly highs with the risk for a deeper pullback before resumption of the broader up-trend. The pair is now testing confluence …
Currently we are 1.9236 after a nice trend wall crash. We are looking for continuation to the double bottom at 1.9107 with a further target the support at 1.9006. The average daily true range (ATR) for the pair currently is …
UK wage growth outpacing inflation by widest margin since 2008. - GBPUSD retains uptrend; GBPAUD, GBPCAD break downtrends. - See the February Forex Seasonality report and the implications for the majors. Bank of …
While many traders prefer to focus on the more widely-traded GBPUSD and EURGBP pairs, GBPAUD has shown one of the clearest trends in the market over the last few months. After bottoming below 1.90 back in early …