Stay 
Trading Conditions
Products
Tools
If we look at the 4-hour chart of the GBP/AUD cross currency pair, it appears that the AB=CD Harmonic pattern has emerged, especially with the support of the Stochastic Oscillator indicator which has successfully broken below and then rose above the Oversold level (20) and its price movement has successfully broken and closed above the SMA 20 (Middle Line Bollinger Band) then in the near future GBP/AUD has the potential to strengthen, especially with the appearance of Equal High at level 2.0622 which is a place where liquidity gathers so that it becomes a magnet that is quite attractive to test, then GBP/AUD has the potential to appreciate upwards until the Equal High level is broken and closes above it, even if the volatility and momentum of its strengthening support it, GBP/AUD will continue to strengthen to level 2.0687 as its first target and 2.0771 as its second target, but it is also necessary to be aware of the appearance of Divergence between the Stochastic indicator oscillator with GBP/AUD price movements also gives a warning that there is a potential for a weakening correction, but as long as it does not break through and close below the 2.0381 level, the strengthening setup that has been described previously will continue to run as it should be.
(Disclaimer)
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.
We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
