CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
For Traders
Analytical Reviews
Technical analysis

04.12.202406:56 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Wednesday December 04, 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.

Exchange Rates 04.12.2024 analysis

After successfully breaking out of its Descending Broadening Wedge pattern on the 4-hour chart, the GBP/AUD cross currency pair is now strengthening to test its Bearish Fair Value Gap area level, especially level 1.9674, as well as supported by confirmation of the appearance of a hidden deviation pattern, but as long as the strengthening that occurs in GBP/AUD cannot break through and close above level 1.9750, GBP/AUD still has the potential to weaken again down to level 1.9420 as its main target and if its Bear momentum and volatility support it, GBP/AUD is very likely to continue its weakening to level 1.9170.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025
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.




All Analytics
Wave analysis
EUR/USD Analysis on April 25, 2025 The wave pattern on the 4-hour EUR/USD chart has shifted into a bullish formation. It's safe to say that this transformation occurred solely due to the new U.S. trade policy
Chin Zhao
20:26 2025-04-25 +02:00
1870
Wave analysis
GBP/USD Analysis on April 25, 2025 The wave pattern on the GBP/USD chart has also transformed into a bullish, impulsive structure—"thanks" to Donald Trump. The wave picture closely resembles that of the EUR/USD pair. Until February
Chin Zhao
20:21 2025-04-25 +02:00
1810
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 11:00 UTC--4
EUR/USD Analysis on April 25, 2025
20:26 2025-04-25
Wave analysis
Relevance up to 08:00 UTC--4
The Euro Is Waiting for Its Moment
00:59 2025-04-25
Fundamental analysis
Relevance up to 02:00 2025-04-27 UTC--4
Why Could Gold Prices Drop Significantly? (There's a chance gold will continue to decline while the CFD on the NASDAQ 100 futures contract may rise)
10:14 2025-04-25
Fundamental analysis
Relevance up to 11:00 UTC--4
Trading Signals for EUR/USD for April 24-26, 2025: sell below 1.1435 (21 SMA - 7/8 Murray)
17:06 2025-04-24
Technical analysis
Relevance up to 12:00 2025-04-29 UTC--4
The Yen Is Looking Stronger and Stronger
01:23 2025-04-25
Fundamental analysis
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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.