300+ pips worth of movement - GBP/AUD
Hey everyone,
I would like to present you one of my trading plans for this week. I will be following the GBP/AUD currency pair expecting a bullish trend throughout the week.
You can check the technical analysis on my video on Youtube.
Below I will do an Economic Overview for this week, share my opinion on what to expect and I will also post the Buy and Sell Zones in numbers.
Buy Zone: 1.7615 to 1.7925
Sell Zone: 1.7524 to 1.7135
Main target: Between 1.7925 and 1.8000
Long term target: 1.8215
Economic Overview:
For this week there are no scheduled High-Importance events for the GBP or the AUD. However we have some Medium-Importance events, which might cause some volatility.
Wednesday - 30.05.2018
01:30 GMT (03:30 Bulgarian time) - AUD Building Approvals
Expectancy is for a drop from 14.5% to 4.1%. This might affect the AUD and lower its price.
23:01 GMT (01:01 Bulgarian time on Thursday)
GBP GfK Consumer Confidence
I don’t expect this report to cause much volatility on the market. Expectancy is for a slight drop.
Thursday - 31.05.2018
On Thursday we have 6 Medium-Importance events mainly during the night and in the morning. Keep those in mind, although I don’t expect huge volatility spikes caused by those events.
Friday - 01.06.2018
08:30 GMT (10:30 Bulgaria time)
GBP Market UK PMI Manufacturing
Slight change is expected between previous reading and the forecasted, so unless there is a huge difference I don’t expect any surprises on the market.
Due to lack of strong events throughout this week I believe that the uptrend is very highly likely to happen, so watch out and don’t miss on the move.
I wish you a profitable week! :)
I would like to present you one of my trading plans for this week. I will be following the GBP/AUD currency pair expecting a bullish trend throughout the week.
You can check the technical analysis on my video on Youtube.
Below I will do an Economic Overview for this week, share my opinion on what to expect and I will also post the Buy and Sell Zones in numbers.
Buy Zone: 1.7615 to 1.7925
Sell Zone: 1.7524 to 1.7135
Main target: Between 1.7925 and 1.8000
Long term target: 1.8215
Economic Overview:
For this week there are no scheduled High-Importance events for the GBP or the AUD. However we have some Medium-Importance events, which might cause some volatility.
Wednesday - 30.05.2018
01:30 GMT (03:30 Bulgarian time) - AUD Building Approvals
Expectancy is for a drop from 14.5% to 4.1%. This might affect the AUD and lower its price.
23:01 GMT (01:01 Bulgarian time on Thursday)
GBP GfK Consumer Confidence
I don’t expect this report to cause much volatility on the market. Expectancy is for a slight drop.
Thursday - 31.05.2018
On Thursday we have 6 Medium-Importance events mainly during the night and in the morning. Keep those in mind, although I don’t expect huge volatility spikes caused by those events.
Friday - 01.06.2018
08:30 GMT (10:30 Bulgaria time)
GBP Market UK PMI Manufacturing
Slight change is expected between previous reading and the forecasted, so unless there is a huge difference I don’t expect any surprises on the market.
Due to lack of strong events throughout this week I believe that the uptrend is very highly likely to happen, so watch out and don’t miss on the move.
I wish you a profitable week! :)
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