Target Thursdays: UK100 & AUDUSD hit profit target

<p><strong>By <a href="http://investmacro.com/contributors/contributor-profile-forextime/">ForexTime</a> </strong></p>
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<li>UK100 soars through profit levels</li>
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<li>AUDUSD bears bag 30 pips</li>
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<li>Bonus: Keep on USDInd trading range</li>
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<h3>Check out these potential profits that you may have missed from our Daily Market Analysis.</h3>
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<h3>UK100 hits all take-profit levels</h3>
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<p>The UK100 which tracks the benchmark FTSE100 index soared through the bullish intra-day price targets this morning.</p>
<p><strong>Profit target hit: YES, 4 out of 4 </strong>profit targets have been hit.</p>
<p><strong>Why: </strong>The UK100 has an inverse relationship with the British pound. A weaker pound is bullish for the index.</p>
<p><strong>Technical forces:</strong> Prices are bullish on the 30-minute timeframe.</p>
<p><img fetchpriority="high" decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/UK100M30.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="8ce9920d-be88-4c94-a73b-87007e624ba3" data-src="/s3-static/users/user17/UK100M30.png" /></p>
<p><strong><em>The above scenario (UK100) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow. </em></strong></p>
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<h3>AUDUSD selloff rewards 30 pips</h3>
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<p>AUDUSD tumbled like a house of cards, sliding past and beyond all the pre-defined take profit levels.</p>
<p><strong>Profit target hit: YES, 4 out of 4</strong> profit targets have been hit this morning.</p>
<p><strong>Why:</strong> A broadly stronger dollar following Wednesday’s Fed meeting dragged prices lower.</p>
<p><strong>Technical forces:</strong> Prices are bearish on the 30-minute timeframe.</p>
<p><img decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/AUDUSDM30.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="58463f1c-0070-4fcf-8aae-c0e07d484990" data-src="/s3-static/users/user17/AUDUSDM30.png" /></p>
<p><strong><em>The above scenario (AUDUSD) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow. </em></strong></p>
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<h3>GBPUSD bears halted by BoE</h3>
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<p><a href="https://www.forextime.com/market-analysis/trade-week-gbpusd-cusp-major-breakout">In our trade of the week,</a> we discussed whether the GBPUSD was on the brink of a major breakout. On Thursday morning prices started to move with the BoE policy decision sparking volatility.</p>
<p><strong>Profit target hit: NO</strong>, but bears came close to hitting 1.2600 level.</p>
<p><strong>Why:</strong> Despite tumbling on Wednesday evening, prices rebounded following the BoE decision on Thursday. UK rates were left unchanged, but BoE Governor stated more evidence was needed before lowering rates.</p>
<p><strong>Technical forces</strong>: Prices back within range but weakness below the 50-day SMA may support bears.</p>
<p><img decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/GBPUSDDaily_60.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="b5a942a6-b068-4818-a4ca-bbc229344641" data-src="/s3-static/users/user17/GBPUSDDaily_60.png" /></p>
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<h3>Bonus: Will USDInd bullish setup be triggered?</h3>
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<p>Last Friday, the <a href="https://www.forextime.com/market-analysis/week-ahead-usdind-braced-heavy-hitters">USDInd hijacked our attention</a> due to the heavy-hitting events this week. After swinging within a range, a breakout could be around the corner.</p>
<p><strong>Profit target hit: NO</strong>, but prices are testing the <strong>103.70 resistance. </strong></p>
<p><strong>Why: </strong>Dollar boosted by Fed’s hawkish remarks and falling odds of rate cut in March. NFP on Friday in focus.</p>
<p><strong>Technical forces:</strong> Daily close above <strong>103.70</strong> may open a path towards the <strong>100-day SMA at 104.40.</strong></p>
<p><img loading="lazy" decoding="async" class=" lazyloaded" src="https://www.forextime.com/s3-static/users/user17/USDIndDaily_17.png" alt="" width="1000" height="800" data-entity-type="file" data-entity-uuid="fa4d15c8-dc70-47a9-9249-af0f9af49cc1" data-src="/s3-static/users/user17/USDIndDaily_17.png" /></p>
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