{"id":18207,"date":"2011-01-17T08:30:35","date_gmt":"2011-01-17T13:30:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18207"},"modified":"2011-01-17T08:30:35","modified_gmt":"2011-01-17T13:30:35","slug":"gbpaud-reversals-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/17\/gbpaud-reversals-in-the-making\/","title":{"rendered":"GBP\/AUD Reversals in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>A bullish movement of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\">GBP\/AUD <\/a>cross  hasn\u2019t received much support as of late. Below, I will demonstrate that  the GBP\/AUD pair has already commenced a downward trend for today, as a  bearish cross has taken place on the <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic<\/a>. In addition, the <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index <\/a>indicates  that the price of this cross currently floats in the overbought  territory, signaling downward pressure, and the cross may tumble another  40-110 pips in the coming 2 days. Traders are strongly advised to take  advantage of the trend at an early stage. Therefore, why not open short  positions at an excellent price?<\/p>\n<p>The next support level is located at the 1.5970 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/GBP-AUD-16-1-2011.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/GBP-AUD-16-1-2011.JPG\" alt=\"\" width=\"507\" height=\"649\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                                                                                             may              not             be                                            suitable                     for                   all                                                                       investors.                                       There                          is         a                                                                                                                     possibility                                            that                                                          you                                     could                                                    sustain  a                       loss                                 of             all                         of                               your                                                                                                           investment            and                                                                                         therefore            you                                                                       should                     not                                                    invest                                                   money                     that                           you                                                                    cannot                                               afford        to                                                          lose.                 You                                                                 should                         be                                 aware                      of                                             all                              the                            risks                                                                                         associated                                  with                                           Foreign                                                             Exchange                                                                      trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bullish movement of the GBP\/AUD cross hasn\u2019t received much support as of late. Below, I will demonstrate that the GBP\/AUD pair has already commenced a downward trend for today, as a bearish cross has taken place on the Slow Stochastic.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-18207","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=18207"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18207\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}