FxWirePro: GBP/AUD reverses recent rally, bias back to downside

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- EURUSD Daily Outlook

FxWirePro:EUR/AUD attracts selling interest, vulnerable to more downside

FxWirePro:GBP/NZD rebounds but bears are not done yet

FxWirePro- EURUSD Daily Outlook

FxWirePro- Top altcoins for the day (Strength index) (MKRUSD)

FxWirePro- Gold Weekly Outlook

FxWirepro- GBPJPY Daily Outlook

FxWirePro:EUR/AUD drifts lower , could be on verge of a bigger drop

FxWirePro:EUR/AUD gains some upside momentum but still bearish

FxWirePro- EURUSD Daily Outlook

FxWirePro: GBP/AUD drops below 1.9000 level, heads deeper into bear territory

FxWirePro-Major pair levels and bias summary

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (NZDUSD and EURUSD) for the day)

FxWirePro: GBP/AUD reverses short rally, bias back to downside

FxWirePro- Top altcoins for the day (Strength index) (WLDUSD)

FxWirePro : GBP/AUD recovery facing steep rock, likely to falter

FxWirepro- GBPJPY Daily Outlook

©PUBLISH holdings LLC . All Rights Reserved.

FxWirePro: GBP/AUD reverses recent rally, bias back to downside

Thursday, August 18, 2022 5:48 PM UTC

• GBP/AUD declined on Thursday as risk of sharper UK economic slowdown weighed on GBP.

• The inflation figures, released on Wednesday ,came in above 10%,hot CPI data increased another probability of BoE hike . UK GDP will be negatively impacted by BoE rate hikes.

• The is pair heading towards the 23.6%fib, as near term direction of the pair is likely to be driven by current price action.

• Technical are bearish, daily RSI is negative at 47, daily momentum studies 9 and 10 DMAs are trending down.

• Immediate resistance is located at 1.7310 (14 DMA ), any close above will push the pair towards 1.7409(38.2%fib).

• Strong support is seen at 1.7210(23.6%fib) and break below could take the pair towards 1.7077(Lower BB).

Recommendation: Good to sell on around 1.7260, with stop loss of 1.7370 and target price of 1.7130

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

AI disinformation is a threat to elections − learning to spot Russian, Chinese and Iranian meddling in other countries can help the US prepare for 2024

Can Biden bounce back as the US presidential race turns nastier?

FxWirePro- Gold Weekly Outlook

New Balance to Phase Out Use of Kangaroo Skins in Shoes

Honda Announces Release of Honda Prologue, its First Electric SUV in North America

Intel Ramps Up 'Landmark' Production Using EUV Lithography Machines in Ireland

Blockchain Unicorn Fireblocks Acquires Australian Tokenization Startup BlockFold

US Government Shutdown Raises Concerns Over Crypto Legislation, Economic Data

Burger King Taiwan Introduces Bunless Options Amidst Mid-Autumn Barbecue Frenzy

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02

Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon

Tel. +82.2.6332.2245

Editor's Picks

Welcome to EconoTimes