Speculator
Long

Long GBPAUD - Fundamentals and Technical matches

FX:GBPAUD   British Pound/Australian Dollar
Entered Long GBPAUD             at 1.83295 (200-Hour Smoothed MA and also 23.6% of 1.72134-1.86828)

Fundamental:
With BoE minutes/ RBA Speech/ Australia CPI             inflation coming out, volatility should ensue.
USD weakness has caused both GBP and AUD to be at elevated levels. Feels AUD more so after better than expected China GDP, IP             , etc. numbers.

Technical:
AUDUSD             has been in consolidation since start of the month, whilst GBPUSD             looks more likely to look for a retracement after the swift fall.
Daily chart as above also showed a bullish flag pattern on the GBPAUD             pair (credits to EagleTrades - link below)
Both 100 and 200 DMA are trending upwards
SL right below 200 DMA which coincides with previous high in August (1.81866)
TP1/2 at 1.8600/80 respectively
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out