Forex analysis by Marius Ghisea (August 25-29)

GBP/AUD  Forecast

Author: Ghisea Marius

 

GBP/AUD Weekly chart

GBPAUDweekly-page-001

The long-term trend for GPB/AUD is down. The weekly chart indicates downtrend, according to EMA 55 and stochastic oscillator.

GBP/AUD Daily chart

GBPAUDdaily-page-001

The daily chart also confirms downtrend. GPB/AUD might go at Fibo 61, to be more specific at 1.7290. Then will hit Fibo 50, at 1.6740 in long term.

 

About author:

Ghisea Marius  – fund manager and an advisor for institutional and individual investors. 10 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Ghisea Marius Facebook group

 

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