GBP/AUD 4H Chart: Could edge higher - Trade Pattern Ideas - Dukascopy Bank
Tue, 20 Aug 2019 06:04:47 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Neutral
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇘
The Pound Sterling has depreciated about 2.42% in value against the Australian Dollar since August 7. The currency pair tested the lower boundary of an ascending channel pattern at 1.7700 on August 12.
Given that the exchange rate has bounced off the border of the channel pattern, the GBP/AUD pair would likely edge higher within this week's trading sessions. The potential target for the rate will be at the 1.8150 area.
Moreover, the 50-, 100– and 200– period SMAs are providing support for the currency exchange rate at 1.7848 and could help pressure the pair higher during the following trading sessions.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.