GBP/AUD 4H Chart: Likely to aim at 1.8995 - Trade Pattern Ideas - Dukascopy Bank
Tue, 19 Mar 2019 06:51:42 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
Sell
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The British Pound bounced off from a support level formed by the monthly pivot point at 1.8432 on March 12 and had since gained about 1.43% in values against the Australian Dollar.
Taking into consideration the structure of the GBP/AUD currency pair, it is likely that the exchange rate will aim for a resistance cluster formed by the combination of the weekly and the monthly pivot points at 1.8995 during the following trading sessions.
Meanwhile, technical indicators flash buy signals on both the smaller and the larger time-frame charts.
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