empty
04.11.2024 06:26 AM
Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Monday November 04, 2024.

This image is no longer relevant

With the appearance of hidden deviations between the price movement of the GBP/AUD cross currency pair with the Stochastic Oscillator indicator on its 4-hour chart plus confirmation with the appearance of the Bearish 123 pattern followed by the Bearish Ross Hook (RH) especially the price movement moving below the WMA 30 Shift 2 which also has a downward slope, then in the near future GBP/AUD has the potential to weaken down to the level of 1.9589 and if this level is successfully broken then GBP/AUD has the potential to continue its weakening to the level of 1.9425 as its main target and if the momentum and volatility support then 1.9191 will be the next target to be aimed for but if on the way to these targets suddenly there is a strengthening correction to the current GBP/AUD especially if it breaks through and closes above the level of 1.9832 then all the weakening scenarios that have been described will become invalid and canceled by themselves.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 24/07/2025: EUR/USD, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:02 2025-07-24 UTC+2

Forecast for EUR/USD on July 24, 2025

On Wednesday, the EUR/USD pair rebounded from the 127.2% Fibonacci retracement level at 1.1712, reversed in favor of the euro, and continued to rise toward the 1.1802 level. A rebound

Samir Klishi 11:21 2025-07-24 UTC+2

Forecast for GBP/USD on July 24, 2025

On the hourly chart, the GBP/USD pair consolidated above the 61.8% Fibonacci retracement level at 1.3530 on Wednesday and rose to the 50.0% level at 1.3579. Today, a rebound from

Samir Klishi 11:05 2025-07-24 UTC+2

Trading Signals for BITCOIN for July 24-27, 2025: buy above $117,000 (6/8 Murray - 21 SMA)

The eagle indicator has been showing a positive signal since July 21. It is likely that any pullback in Bitcoin in the coming days will be seen as a signal

Dimitrios Zappas 06:25 2025-07-24 UTC+2

Trading Signals for GOLD (XAU/USD) for July 24-27, 2025: sell below $3,400 (21 SMA - 7/8 Murray)

The Eagle indicator is signaling a negative sequence, so we believe that any technical rebound, as long as the price trades below the 8/8 Murray level, will be seen

Dimitrios Zappas 06:23 2025-07-24 UTC+2

Trading Signals for EUR/USD for July 24-27, 2025: buy above 1.1745 (21 SMA - 8/8 Murray)

Technically, the euro is reaching exhaustion levels. In the latest trading, Japanese candlesticks called dojis can be seen on the technical chart, indicating market indecision. A technical correction is likely

Dimitrios Zappas 06:18 2025-07-24 UTC+2

If the support level 6327.24 on S&P 500 Index's can withstand today's downward correction, it will lead to renewed strengthening.Thursday, July 24, 2025.

S&P 500 Index – Thursday, July 24, 2025. With the Golden Cross EMA(50) above the EMA(200), buyers are quite dominant. Although the RSI(14) indicator is at a neutral bullish level

Arief Makmur 05:54 2025-07-24 UTC+2

Although buyers still dominate the Nasdaq 100 Index, but there is potential for a downward correction today, Thursday, July 24, 2025.

Nasdaq 100 Index – Thursday, July 24, 2025. By the appearance of divergence between the Nasdaq 100 Index price movement and the RSI(14) indicator indicates that #NDX has the potential

Arief Makmur 05:53 2025-07-24 UTC+2

EUR/USD Forecast for July 24, 2025

Amid ongoing optimism in equity markets driven by the U.S.–Japan trade deal, the dollar index fell by 0.18% yesterday, while the euro rose by 0.16% (16 pips). The price

Laurie Bailey 05:18 2025-07-24 UTC+2

GBP/USD Forecast for July 24, 2025

Amid overall market optimism (S&P 500 +0.78%), the British pound gained 48 pips yesterday. This was enough for the Marlin oscillator on the daily scale to move into positive territory

Laurie Bailey 05:18 2025-07-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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 InstaFintech Group 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.