GBP/AUD Analysis 11-19-2014

The GBP/AUD is tending up on the H4 time frame. Several pairs on the forex market are also cycling or oscillating on the H4 time frames. The current resistance level is around 1.8235 on this pair. You can set a buy alert at this point. When the alert hits you can check The Forex HeatmapĀ® to verify the buy entry. Past the alert price there is some resistance at 1.8390,  but it has potential to go much higher, possibly the 1.8600 area, shown by the yellow line. This represents about 375 pips of overall potential still remaining on the H4 time frame oscillation/range cycle. This analysis of the GBP/AUD was performed with multiple time frame analysis.

GBP/AUD Analysis 11-19-2014

GBP/AUD Analysis 11-19-2014

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