empty
 
 
13.11.2023 04:56 AM
Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, November 13 ,2023.

This image is no longer relevant

With CCI indicator that successfully breaks to its three important levels as well as the price movement was above the Kumo and Golden Cross Future Kumo, at the same time Tenkan Sen and Kinjun Sen was also Golden Cross where the existence is above the Kumo, also Chikou Span which is above the Kuno and above its price movement confirmed by the appearance of Bullish 123 pattern followed by Bullish Ross Hook (RH), then we can conclude that GBP/AUD on its 4 hour chart is in Bullish condition so that in the near future, the GBP/AUD cross currency pairs will try to test the level 1,9261. If this level successfully breaks above, then the level of 1,9337 will be the next target to be aimed of, but the reinforcement scenario will become invalid by itself if on the way to those levels, there is a weakness correction until it breaks below the level 1,8976.

(Disclaimer)

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback