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Gbp aud forex forecast

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Gbp aud forex forecast

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Without these characteristics a clear uptrend is not in place, but if these higher peaks and troughs are seen a trend follower would view this as a bullish signal and establish a buy position. Conversely, downtrends are seen when prices show lower highs and lower lows, gbp aud forex forecast. A trader might then sell based on the assumption that the trend is more likely to continue than it is to reverse. Trend following works with any timeframe but commonly suits longer timeframes (daily or weekly) as, once trends are in place, they tend gbp aud forex forecast continue for long stretches of time.

Gbp aud forex forecast