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GBPAUD retest 0.84 level before go south?

Haynes6EU Posted 28 Apr. as Analysis on GBP/AUD, Target: 1.836, Date: 2nd of June, 12:00 GMT  in #Technical analysis #GBP/AUD #Aussie #Gbpaud #Pound #Commodity Dollar #H S Pattern #Neck Line
Framework:
I. Fundamental: U.K's Fundamental data continues to support for GBP. Meanwhile Australia's fundamental data change from bullish to neutral after soft CPI data, next move of AUD depend on employment data.
II. Currency positioning: Net long position for both GBP and AUD.
III. Technical view:
1. Weekly chart: The pair GBPAUD go down when hit long-term downtrend line, reversal sign confirmed by a break neck line. The price go down and hit support at 1.774. There are two bullish candles fr…
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Haynes6EU 8 May

The price fall down from 0.83 resistance level. Fundamental is supporting for AUD. Employment data is good :D

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Haynes6EU 12 May

Next target: 1.76. After that price go up!!!!!!!!!!

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Haynes6EU 16 May

1.783 level hold and price bounce from there. AUD is loosing up momentum

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Haynes6EU 21 May

The pair bounce from 1.783 level. Now the pair can retest the neck line at 1.836~1.84 area

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Haynes6EU 31 May

It seems that the pair is consolidation in wave 4 and prepare for wave 5. The pair can visit 1.76 before go up to 2.0. Maybe?

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EURAUD H&S pattern in playing, retest neck line

Haynes6EU Posted 26 Apr. as Analysis on EUR/AUD, Target: 1.500, Date: 2nd of June, 12:00 GMT  in #Technical analysis #Euro #Aussie #EUR/AUD #Euraud #H S Pattern
Framework:
I. Fundamental: Excess liquidity in the euro system fell and put upward pressure on EONIA at the end of every months, EZ CPI is at low level and the market is watching closely next data released. Meanwhile fundamental data is supporting for Aussie despite of soft CPI data.
II. Currency positioning: Net long for both EUR and AUD.
III. Technical view:
1. Weekly chart: There is a new potential H&S in weekly chart. The pair could retest the previous neck line and go down again???
2. Daily…
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Haynes6EU 2 May

The pair continues to go up to retest neck line! Moving into resistance zone seems slowly

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Haynes6EU 12 May

EUR fall down sharply after Mario Draghi speech, ECB can act in June! Price is stand at 1.47 level. I expect more downside at least to 1.45 :D

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Haynes6EU 16 May

Support level 1.456 still hold. This is important level and also pivot point!

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Haynes6EU 21 May

The pair bounce from 1.456 level. The next target could be 1.5. 1.5 become resistance level.

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Haynes6EU 31 May

This pair is stand at long-term pivot line around 1.46. A break and close below could be signal for more downside even to 1.42 or bounce from this level could be signal to go up!

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