News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Prel (SEP) Actual: 0.1% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇨🇭 KOF Leading Indicators (SEP) due at 07:00 GMT (15min) Expected: 106 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • IG Client Sentiment indicates that gold traders are heavily leaning towards the long side, with 80% of positions net long, while 20% net short. Retail traders added short (+12%) exposure while trimming long (-3%) positions from a day ago. https://www.dailyfx.com/forex/market_alert/2020/09/30/Gold-Silver-Price-Analysis-Weighed-by-Stronger-US-Dollar-Post-Debate.html https://t.co/QenBWVHLzF
  • Heads Up:🇫🇷 Inflation Rate YoY Prel (SEP) due at 06:45 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 Nationwide Housing Prices YoY (SEP) Actual: 5% Expected: 4.5% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate QoQ Final (Q2) Actual: -19.8% Expected: -20.4% Previous: -2.5% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate YoY Final (Q2) Actual: -21.5% Expected: -21.7% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/BcggJpUF3n
  • 🇩🇪 Unemployment Rate Harmonised (AUG) Actual: 4.4% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate YoY Final (Q2) Actual: -21.5% Expected: -21.7% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2020-09-30
GBP/AUD

GBP/AUD

2009-12-09 14:07:00
Thomas Long, Course Instructor
Share:

This daily chart shows a series of lower highs and lower lows which is the definition of a downtrend. While traders fight it out on determining the direction of the USD or the JPY, these other pairs can offer some good trading opportunities for those who are paying attention. This pair will remain in a downtrend as long as it can remain below the 1.8360 sell side high of November 2nd.
 

gbpaud

I would continue to look for selling opportunities as long as GBP/AUD stays below the November 2nd high of 1.8360.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES