GBP/AUD 4H Chart: Faces support cluster at 1.8181

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Pound Sterling has appreciated by 2.53% against the Australian Dollar since February 5. The currency pair breached both the 50-, 100-, and 200-hour SMAs during this time period.

Currently, the exchange rate is testing a support cluster formed by the combination of the weekly pivot point and the 100-hour simple moving average at 1.8181.

If the cluster holds, it is likely that a short-term surge occurs during the following trading sessions. 

Although, if the currency exchange rate passes the support cluster as mentioned earlier, a decline towards the lower boundary of an ascending channel at 1.7900 could follow.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.