GBP/AUD 4H Chart: Decline in short-term - Trade Pattern Ideas - Dukascopy Bank
Tue, 05 Mar 2019 06:47:42 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
During the last week, the Great British Pound appreciated about 2.84% in values against the Australian Dollar. The exchange rate reached October 16, 2018, high level at 1.8721 during this short period.
As for the near future, it is likely that the GBP/AUD currency pair will continue its upside momentum. Buyers could drive the rate towards a psychological price level at 1.8800.
However, the currency exchange rate could make a brief retracement towards a support cluster formed by the weekly S1 and the 100-hour simple moving average at 1.8330 during this week's trading sessions.
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