Diamond Shift, Channel in Play!Price action recently formed a diamond pattern right at the intersection of two channels, a high-probability area for a shift in direction.
The diamond acted as a turning point, and from there, price shifted into a new phase: the creation of an ascending channel.
Within this structure, we can clear
About British Pound / Australian Dollar
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
Related currencies
GBPAUD – Breakout from Descending Triangle StructureOn the 2H chart, GBPAUD has broken above the descending trendline after forming a clear descending triangle near support. Multiple BOS (Break of Structure) and ChoCH movements suggest momentum shift.
📊 Key Levels:
Support Zone: 2.0400 – 2.0430
Trendline Breakout: Around 2.0500
Upside Potential:
Double Bottom Reversal likely for GBPAUDPrice has been moving in a clear downtrend inside a descending channel. After this recent fall, notice how price seems to have formed a double bottom. This particular pattern often shows up after a big decline like so.
The neckline, is a key level to watch now, and price is starting to break above
GBPAUD → False breakdown. Return to bullish trend FX:GBPAUD is forming a false breakdown of support and returning to a bullish trend. The market has seen a breakdown of the local structure, signaling the end of the correction.
The pound sterling has consolidated above the consolidation resistance, thereby showing bullish signs, which has a po
GBPAUD: Strong Bearish Price ActionAfter a test of a critical daily resistance cluster, two robust bearish confirmations are evident on 📈GBPAUD.
The price violated the trend line of a rising channel and the neckline of a head & shoulders pattern with a single, strong bearish candle.
Further downward movement is anticipated, potenti
gbpaud buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it acc
Possible Long on GBPAUDBullish Case for GBPAUD
Liquidity Grab Already Done
Price dipped into sell-side liquidity (2.0400–2.0380) with that long green rejection candle.
That sweep flushed out sellers and triggered stop hunts, a common setup before reversal.
Demand Reaction
The rejection wick shows strong buyer absorpt
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of GBPAUD is 2.05104 AUD — it has increased by 0.12% in the past 24 hours. See more of GBPAUD rate dynamics on the detailed chart.
The value of the GBPAUD pair is quoted as 1 GBP per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 GBP.
The term volatility describes the risk related to the changes in an asset's value. GBPAUD has the volatility rating of 0.26%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The GBPAUD showed a 0.32% rise over the past week, the month change is a −2.04% fall, and over the last year it has increased by 4.78%. Track live rate changes on the GBPAUD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
GBPAUD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPAUD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPAUD technical analysis. The technical rating for the pair is neutral today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPAUD shows the neutral signal, and 1 month rating is buy. See more of GBPAUD technicals for a more comprehensive analysis.