From Investor to Scalper – series of studies created in cooperation with broker BDSwiss, in which we take a financial instrument and the analysis includes a detailed look at the value from the monthly chart and ending with H4/H1.


Since August 2015, when market rejected 50% of the Fibonacci correction from the entire previous downward movement, we observed a dynamic decline. As a result of this move in November, we arrived in the vicinity of local support, which coincided with a 78.6% Fibo measurement, where a bullish response occurred. After two months of gains, we have again seen declines and the market has once again reached support area, where the bullish response once again occurred.

GBPAUD Monthly

Looking at the daily chart, we note that since mid-March this year, upward movement has already overcome the high of previous gains. From a technical point of view, we expect to be able to test again level 1.7750, although it is worth noting that this level has not yet been tested, a supply response has already occurred in its vicinity.

GBPAUD Daily

On the 4-hour chart, we will notice that (especially in the last time) market is behaving trendily and re-testing from the top (as support) previously overcome resistance. In near future, we expect to deepen current downward correction to the level of 1.7330, where demand response might occur. Rejection of this level could cause a renewed impetus and a test of already mentioned 1.7750 level.

GBPAUD H4

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Looking at the H1 chart, we note that market is re-testing from below (as resistance) Friday local support. Because there was a supply reaction in the morning, in the nearest future we could expect continuation of declines to 1.7330 level.

GBPAUD H1

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