GBPAUD ANALYSIS
MARKET COMES FROM A DOWNTREND MEANING THAT THIS IS A POSSIBLE END OF A EXHAUSTION.
TRIANGLE FORMED AS WELL AS IN OUR PAIR GBPNZD, WE CLEARLY SEE THAT THERE IS PRESSURE BOTH WAYS AND IT IS VERY HARD TO PROJECT A PRICE RANGE, WHERE THE MARKET IS HEADING TO,
AT THE MOMENT:
-50EMA IS ABOVE THE 200EMA AND IT IS FUNCTIONING AS SUPPORT FOR THE PRICES.
-OUR APPROACH WILL BE WHEN THIS CHART FORMATION IS BROKEN
TRIANGLE FORMED AS WELL AS IN OUR PAIR GBPNZD, WE CLEARLY SEE THAT THERE IS PRESSURE BOTH WAYS AND IT IS VERY HARD TO PROJECT A PRICE RANGE, WHERE THE MARKET IS HEADING TO,
AT THE MOMENT:
-50EMA IS ABOVE THE 200EMA AND IT IS FUNCTIONING AS SUPPORT FOR THE PRICES.
-OUR APPROACH WILL BE WHEN THIS CHART FORMATION IS BROKEN
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