Category: GBPAUD

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GBPAUD Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7800 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7800 is broken.
Technical analysis:

There is a divergence in RSI and price between the trough at 1.7474 on 2018-11-16 and the trough at 1.72075 on 2018-12-03, and the probability of beginning of downtrend is decreased.
While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1.7210 on 12/03/2018, so more gains to resistance(s) 1.7650 and maximum to Major Resistance (1.7800) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 46.

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GBPAUD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7940 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7940 is broken.
Technical analysis:

A peak is formed in daily chart at 1.7815 on 11/22/2018, so more losses to support(s) 1.7285, 1.7065, 1.6860 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 33.

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GBPAUD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7940 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7940 is broken.
Technical analysis:

The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1.7475 on 11/16/2018, so more gains to resistance(s) 1.7800 and maximum to Major Resistance (1.7940) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.

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GBPAUD Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7940 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7940 is broken.
Technical analysis:

The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.8065 on 11/13/2018, so more losses to support(s) 1.7500, 1.7285, 1.7065 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 26.

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GBPAUD Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.8510 would begin in Midterm.
Technical analysis:

The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1.7860 on 10/30/2018, so more gains to resistance(s) 1.8110, 1.8215, 1.8370 and maximum to Major Resistance (1.8510) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 39.

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GBPAUD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.8375 on 2018-09-11 and the peak at 1.8722 on 2018-10-10, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.8725 on 10/11/2018, so more losses to support(s) 1.7940, 1.7800, 1.7650 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.

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GBPAUD Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com

Midterm forecast:

Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.8375 on 2018-09-11 and the peak at 1.8722 on 2018-10-10, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.8725 on 10/11/2018, so more losses to support(s) 1.7940, 1.7800, 1.7650 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.

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GBPAUD Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.8825, beginning of downtrend is expected.
We make sure when the support at 1.8370 breaks.
If the resistance at 1.8825 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

The RSI bounced from the support #1 at 50 and it prevented price from more losses.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.8725 on 10/11/2018, so more losses minimum to Major Support (1.8370) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.

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GBPAUD Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.8825, beginning of downtrend is expected.
We make sure when the support at 1.8400 breaks.
If the resistance at 1.8825 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

The RSI bounced from the support #1 at 50 and it prevented price from more losses.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.8000 on 09/28/2018, so more gains to resistance(s)1.8660 and maximum to Major Resistance(1.8825) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic supportagainst more losses.
Relative strength index (RSI) is 69.

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GBPAUD Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 51.