GBPAUD, H4            

Our 4h GBPAUD Short trade yesterday was stopped out. Accepting a loss is part of successful trading and probably one of the most difficult psychological factors to overcome. However as with any business it is important to accept your losses, learn from them and move on.  Good Risk and Money Management keep you in the game and allow you to keep trading.  The trade has been logged in our Trading Journal and we wait for the next wave on the trading ocean to arrive.

As I type the pair is back through our entry price (1.7596) and looks like it could hit our 50 pip target, (1.7546) following the very poor UK PMI data. That is how it goes sometimes.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

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Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

GBPAUD, 60 min

Yesterday while the pair was still trading at 1.9634 I wrote that there was support at 1.9520 – 1.9560 and that this area coincides with 4h Bollinger Bands and 30 period SMA. Therefore, I said, I was looking for long entry signals inside this buy area with Target 1 at 1.9694 – 1.9740 and Target 2 at 1.9795 – 1.9820.  Yesterday GBPAUD moved to my Buy Area during the US session, provided us with buy signals just like the ones I’ve been talking about in the Live Analysis Webinars.

When combined with professional risk management procedures this provided another low risk trading setup that HotForex traders are now quite accustomed to. Market then moved to my Target 1 one at 1.9694 – 1.9740 and those that decided to take profits at the lower end of this range made over 100 pips. Target 2 is at 1.9795 – 1.9820.

People ask me if I’m able to help them to make money in FX markets. The above analysis is an example of how we at HotForex Research can help our clients. However, this is not an isolated case. Recent EURJPY, Crude Oil and EURUSD analyses by me and the AUDUSD & GBPJPY analyses by my colleague Stuart analyses were all very successful.

Sometimes we of course get it wrong as well but that is why we teach clients to follow strict risk management rules. All in all our analyses provide HotForex clients with logical entry levels and reasonable targets. To fully understand how to use the analysis, you need to join our free educational and interactive webinars.  To become a good trader requires learning, patience and work mixed with a lot of discipline. If you are ready for that, open an account with HotForex and attend our webinars to start learning how to become an independent and successful trader! We look forward to seeing You there!

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

GBPAUD, 60 min

UK think tank NISER think sterling could fall 20% in the event of Brexit, which would cause a “significant” economic shock that would trim 0.8 of a percentage point of growth in 2017 and weaken GDP by between 1.5% and 7.8% by 2030. Currency weakness would then lead to a 2-4 percentage point rise in inflation, and the group even reckon that exports wouldn’t benefit due to lost access to EU markets. “Leave” supports will be chomping at the bit to refute these claims. The referendum is now just over six weeks away. UK bookmaker Ladbrokes is presently giving 71% odds for the UK remaining in the EU.

The worst Brexit fears evaporating has supported GBP lately. At the same the AUD has been hit by the RBA’s trimonthly Statement on Monetary Policy, which slashed forecasts for underlying inflation to 1-2% for 2016 from 2-3%. GBP has now been strengthening against AUD for over three weeks in a row. This has lifted the pair over 6.9% since April 18^th. In the daily timeframe this has mean market rallying higher with only a couple of down days and Stochastics moving above the overbought threshold. GBPAUD is getting nearer a significant resistance area at 1.9890 – 1.9995 that has potential to turn this pair lower again. However, this level is still some way off and the pair is still trending higher. I’m seeing support at 1.9520 – 1.9560. This area coincides with 4h Bollinger Bands and 30 period SMA. I’m looking for long entry signals inside this buy area with Target 1 at 1.9694 – 1.9740 and Target 2 at 1.9795 – 1.9820

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

GBPAUD, Weekly

This pair are looking to continue their downward movement as the AUD recovers (following good jobs data today) and the pressure continues on the GBP due to persistent Brexit fears and dovish tones from the BOE. As the AUD strengthens and the GBP weakens in the short term we are looking for SHORT trades on any retracement from current levels.

The “real possibility” of Brexit, as the IMF termed it in this week’s release of its semi-annual world outlook, adds to the pressure on sterling. This is also why it failed to sustain gains in the wake of Tuesday’s UK inflation data, which showed March headline CPI rising more than expected to a cycle high of 0.5% y/y. The IMF also revised UK growth down to 1.9% for this year, down from 2.2%, and this assumes the UK remaining in the EU. As for Brexit risk, the latest FT poll tracker shows a narrow 1 percentage point lead for the Remain camp, with 43% compared to the 42% support for the Leave camp, narrowing over the last couple of weeks from respective levels of 45% and 40%.

I’m therefore looking for sell signals inside my 1.8526 – 1.8610 sell area (50% and 38.2% Fibonacci retracement levels) with Target 1 (T1) at 1.8010- 1.8000 (Weekly low, 200 DMA and round psychological number) and Target 2 (T2) at 1.7845 (Next support level).

Only trade based on my analysis and trade ideas if you agree with the analysis and if you are (after substantial testing) confident that you can assume the risk. Should you need further training on trading and risk management please attend any of our free webinars.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.