GBP/AUD 4H Chart: Bearish sentiment likely to continue - Trade Pattern Ideas - Dukascopy Bank
Tue, 05 Feb 2019 07:03:22 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Buy
Buy
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Neutral
Alligator (13; 8; 5)
Sell
Buy
Buy
SAR (0.02; 0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The Pound Sterling has continued its decline against the Australian Dollar. The GBP/AUD exchange rate has lost over 500 base points of its values during the last week.
The currency pair breached both the 100– and 200-hour simple moving averages during the Asian session on Tuesday.
By and large, it is likely that the currency exchange rate continues its movement down until the pair reaches a support cluster at 1.7852.
A potential upside reversal could occur from the support cluster as mentioned earlier.
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