Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis by HotForex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HotForex, post: 96842, member: 33561"] GBPAUD Update, Trades within the Downward Price Channel [IMG]http://analysis.hotforex.com/wp-content/uploads/2016/02/Feb-10-GBPAUD-V1.png[/IMG] [FONT=Arial][SIZE=3][COLOR=rgb(34, 34, 34)][B]GBPAUD, Daily[/B] UK data isn’t likely to change the new dovish bias of the BoE. The GBP has moved up in recent days as concerns over a Brexit have been reduced for now. However, the GBP should get a boost of volatility as we get closer to the U.K. and the E.U. summit next week. The main risk for the AUD is a weakening China and the fact that future intervention from the RBA to devalue the AUD is still in the cards. Technically, the GBPAUD trades systematically within the multi month downward sloping price channel; current price also trades below its long term moving average with no clear signs of a price reversal. My conclusion for GBPAUD traders is to trade within the downward direction of the channel. Entering short positions near the top of the channel line for a medium term target around the June 2015 lows ( 1.9660’s); provided price can break below the January lows (1.9980). However, traders should remain on alert to abort short positions upon any potential upward channel line price penetration. [URL='http://analysis.hotforex.com/wp-content/uploads/2016/02/Feb-10-GBPAUD-SRL-V1.png'][B][COLOR=rgb(0, 0, 0)][IMG]http://analysis.hotforex.com/wp-content/uploads/2016/02/Feb-10-GBPAUD-SRL-V1.png[/IMG][/COLOR][/B][/URL][/COLOR][/SIZE][/FONT] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…