GBP/AUD – Range bottom up next

Pro Act

GBP/AUD – Range bottom up next

By Pro Act Traders — Author

Note: CPI was negative today

Bearish: Forex Strategies: Currently we are at 1.9041 in a range. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 1.8982. There is a 0.618 Fibo @ 1.8951. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 96 pips per day and it’s 90 day average is 103 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Jul 11, 2024 — 8:07 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

CHF/JPY – continuation looks promising — 9/05/24
GBP/JPY – Descending wedge says down — 9/04/24
USD/JPY – GDP sends it flying — 8/29/24
USD/JPY – Range Opportunity — 8/28/24
EUR/JPY – cruising in the channel — 8/27/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act