GBP/AUD - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.7643 AUD
My targets
1.7816 AUD (+0.0112)
1.7925 AUD (+0.0221)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GBP/AUD as long as the price remains well above 1.7643 AUD. The buyers” bullish objective is set at 1.7816 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7925 AUD. If there is any crossing, the next objective would be the resistance located at 1.8224 AUD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.7816 AUD. On this resistance, against the trend traders who would like to go short on GBP/AUD with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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Additional analysis
Quotes
The GBP/AUD price is 1.7704 AUD. The price registered an increase of +0.77% on the session and was between 1.7538 AUD and 1.7714 AUD. This implies that the price is at +0.95% from its lowest and at -0.06% from its highest.1.7538
1.7714
1.7704
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/AUD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/AUD in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7297 | 1.7494 | 1.7694 | 1.7704 | 1.7816 | 1.7925 | 1.8224 |
| Change (%) | -2.30% | -1.19% | -0.06% | - | +0.63% | +1.25% | +2.94% |
| Change | -0.0407 | -0.0210 | -0.0010 | - | +0.0112 | +0.0221 | +0.0520 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7353 | 1.7423 | 1.7496 | 1.7566 | 1.7639 | 1.7709 | 1.7782 |
| Camarilla | 1.7529 | 1.7542 | 1.7555 | 1.7568 | 1.7581 | 1.7594 | 1.7607 |
| Woodie | 1.7354 | 1.7424 | 1.7497 | 1.7567 | 1.7640 | 1.7710 | 1.7783 |
| Fibonacci | 1.7423 | 1.7478 | 1.7512 | 1.7566 | 1.7621 | 1.7655 | 1.7709 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6583 | 1.7039 | 1.7303 | 1.7759 | 1.8023 | 1.8479 | 1.8743 |
| Camarilla | 1.7370 | 1.7436 | 1.7502 | 1.7568 | 1.7634 | 1.7700 | 1.7766 |
| Woodie | 1.6488 | 1.6991 | 1.7208 | 1.7711 | 1.7928 | 1.8431 | 1.8648 |
| Fibonacci | 1.7039 | 1.7314 | 1.7484 | 1.7759 | 1.8034 | 1.8204 | 1.8479 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7643 | 1.7857 | 1.7985 | 1.8199 | 1.8327 | 1.8541 | 1.8669 |
| Camarilla | 1.8020 | 1.8051 | 1.8083 | 1.8114 | 1.8145 | 1.8177 | 1.8208 |
| Woodie | 1.7601 | 1.7836 | 1.7943 | 1.8178 | 1.8285 | 1.8520 | 1.8627 |
| Fibonacci | 1.7857 | 1.7987 | 1.8068 | 1.8199 | 1.8329 | 1.8410 | 1.8541 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 73.38 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 17.7755 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.7657 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7650 | |
| Elder Ray (13): | 0.0055 | |
| Super Trend (3,10): | 1.7627 | |
| Zig ZAG (10): | 1.7708 | |
| VORTEX (21): | 1.2663 | |
| Stochastique (14,3,5): | 94.70 | |
| TEMA (21): | 1.7698 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.0103 | |
| Repulse (5,40,3): | 0.1852 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0017 | |
| Courbe Coppock: | 0.94 |
| MA7: | 1.7868 | |
| MA20: | 1.8101 | |
| MA50: | 1.8109 | |
| MA100: | 1.8306 | |
| MAexp7: | 1.7667 | |
| MAexp20: | 1.7632 | |
| MAexp50: | 1.7659 | |
| MAexp100: | 1.7756 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | -2.19% | |
| Price / MA50: | -2.24% | |
| Price / MA100: | -3.29% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | -0.29% |
Quotes :
2020-09-14 12:07:15
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Real time data
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Forex
News
Don"t forget to follow the news on GBP/AUD. At the time of publication of this analysis, the latest news was as follows:
-
GBPAUD Clears 1.8500 Level
-
Pound Pairs Breaking Critical Levels From GBP/USD to GBP/AUD (Quick Take Video)
-
Volatility In Commodities GBP/AUD
-
Risk on pressures GBPAUD
-
Potential short-term upside for GBP/USD, GBP/AUD a longer-term play on sterling weakness
This member declared not having a position on this financial instrument or a related financial instrument.
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