17.07.202407:06 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday July 16, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With price movement conditions which are above the 20 and 50 EMA which also intersect the Golden Cross and are confirmed by the Awesome Oscillator indicator which is also in the positive area on the 4 hour chart, GBP/AUD in the near future will try to test the 1.9240 level if this level is successful If it is broken above, GBP/AUD will try to test the level above it, namely 1.9287 as the main target and if the momentum and volatility are supportive then it is not impossible that the 1.9339 level will be the next target to be aimed at, but if it is on its way to the target levels described above However, if there is a significant weakening correction that penetrates below the 1.9067 level, then all the strengthening scenarios that have been described previously will become invalid and automatically cancel itself.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.