Today we will analyze the currency pair British Pound Australian Dollar (GBPAUD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in British Pound Australian Dollar (GBPAUD)
1- Last bullish trend was from 1.50 $ (10/27/2011) to 1.60 $ (11/23/2011) a 0.10 $ move 2- The current bearish trend started from 1.60 $ at 11/23/2011 and is currently trading at 1.47 $.
3- GBPAUD current support level is at 1.44 which is the 161.80 % fibonacci retracement of the last 0.10 $ move.
4- GBPAUD current resistance level is at 1.47 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
British Pound Australian Dollar (GBPAUD) Short term stock chart patterns for internet stock trading :

6- the currency pair formed Double Bottom Pattern at 1.501 that failed and formed a resistance.
7- the currency pair formed a 0.120 $ height triangle which was broken down at 1.500, target of the pattern is 1.380.
British Pound Australian Dollar (GBPAUD) Mid term stock chart patterns for internet stock trading :

8- the currency pair formed Double Bottom Pattern at 1.501 that failed and formed a resistance.
9- the currency pair formed a 0.120 $ height triangle which was broken down at 1.500, target of the pattern is 1.380.
British Pound Australian Dollar (GBPAUD) Long term stock chart patterns for internet stock trading :

10- the currency pair traded in a bearish stock channel identifed by support at 1.480 and 1.631,resistance between 1.620 and 1.806, the stock channel is currently supported from below by 1.414 and resisted from above by 1.569.

Stock Trading Conclusion:
British Pound Australian Dollar (GBPAUD) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 1.47, 1.50, 1.50, 1.50, 1.50, 1.52, 1.54, 1.54, 1.55, 1.55, 1.56, 1.58, 1.60,.
Stock Support levels : 1.44, 1.38,.