andreiruse

andreiruse

Over the last 2 weeks, GBPAUD managed to break the support given by the bullish parallel channel, and pushed lower towards 1.7475. We can see a slight rebound in progress, which may turn into a bullish trend. Moving onto the daily chart we can see the price trying to push down, in a bearish countertrend, but being stopped at regular levels at what looks like key...

andreiruse

Following on our previous analysis of the pair, the price action seems to follow the bearish channel, oscillating between the higher bound of the channel and a key support level @ 1.27. Weekly: Since a new lower high has been formed on the Oct 8th, we can now expect to see a bearish trend towards a new lower low. If this trend is validated, the level we can...

andreiruse

Starting the analysis with the weekly chart, we can spot a small break above the existing triangle, during the last 3 weeks. This does not invalidate the triangle altogether, and we can still expect a bearish move back inside the triangle, and potentially lower to hit the boundary. Price-wise we may be looking as low as the 1.29 key level. Zooming into the daily...

andreiruse Updated 

On the weekly timeframe, we can spot a double-top formation in the first 6 months of 2018, with the price hitting 3800 twice. After the double-top formation reversed, the price broke the 3000 level, and reached down to 2310. Zooming on the daily timeframe chart, we can spot a double-bottom formation during the month of October 2018, with a consolidation area...

andreiruse

On the weekly timeframe, the price followed a bearish channel that has started around April. The channel was confirmed by a 2nd lower-low point (August) and a 2nd lower-high point (Sept). If the trend is followed, we are now looking to form a new lower low. On the daily timeframe, we can spot a key support area around 1.269, with a double bottom formation hitting...

andreiruse

On the weekly timeframe: While following a triangle pattern that has started in May-July of 2017, we can see that this week the price just broke the support level. Depending on whether we consider this a 3rd or 4th touch of the trendline, this may indicate a high probability of a bearish trend continuation. By looking at the Fibonacci levels between the previous...

andreiruse

On the weekly timeframe, we can spot a bearish trendline that started in 2015 and has been confirmed so far. We've had several LH points, starting with Jan 2015, Apr 2015, Jul 2017, Jan 2018. We can expect another one to be formed towards the end of 2018. On the daily timeframe, we can spot a consolidation box between August and the present time, with a bullish...