GBP/AUD - Daily - Technical analysis published on 10/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.8153 AUD
My targets
1.8762 AUD (+0.0388)
1.9454 AUD (+0.1080)
My analysis
The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 1.8153 AUD, you could try to benefit from the boom. The first bullish objective is located at 1.8762 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9454 AUD as an objective. Crossing it would then enable buyers to target 1.9734 AUD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD rating is 1.8374 AUD. The price registered a decrease of -0.57% on the session with the lowest point at 1.8372 AUD and the highest point at 1.8528 AUD. The deviation from the price is +0.01% for the low point and -0.83% for the high point.1.8372
1.8528
1.8374
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBP/AUD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7297 | 1.7694 | 1.8153 | 1.8374 | 1.8384 | 1.8762 | 1.9454 |
| Change (%) | -5.86% | -3.70% | -1.20% | - | +0.05% | +2.11% | +5.88% |
| Change | -0.1077 | -0.0680 | -0.0221 | - | +0.0010 | +0.0388 | +0.1080 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8184 | 1.8251 | 1.8366 | 1.8433 | 1.8548 | 1.8615 | 1.8730 |
| Camarilla | 1.8430 | 1.8447 | 1.8463 | 1.8480 | 1.8497 | 1.8513 | 1.8530 |
| Woodie | 1.8207 | 1.8263 | 1.8389 | 1.8445 | 1.8571 | 1.8627 | 1.8753 |
| Fibonacci | 1.8251 | 1.8321 | 1.8364 | 1.8433 | 1.8503 | 1.8546 | 1.8615 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7663 | 1.7815 | 1.8030 | 1.8182 | 1.8397 | 1.8549 | 1.8764 |
| Camarilla | 1.8145 | 1.8179 | 1.8212 | 1.8246 | 1.8280 | 1.8313 | 1.8347 |
| Woodie | 1.7696 | 1.7831 | 1.8063 | 1.8198 | 1.8430 | 1.8565 | 1.8797 |
| Fibonacci | 1.7815 | 1.7955 | 1.8042 | 1.8182 | 1.8322 | 1.8409 | 1.8549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6791 | 1.7142 | 1.7585 | 1.7936 | 1.8379 | 1.8730 | 1.9173 |
| Camarilla | 1.7809 | 1.7881 | 1.7954 | 1.8027 | 1.8100 | 1.8173 | 1.8245 |
| Woodie | 1.6836 | 1.7165 | 1.7630 | 1.7959 | 1.8424 | 1.8753 | 1.9218 |
| Fibonacci | 1.7142 | 1.7446 | 1.7633 | 1.7936 | 1.8240 | 1.8427 | 1.8730 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.39 | |
| MACD (12,26,9): | 0.0103 | |
| Directional Movement: | 13.5387 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.8295 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8056 | |
| Elder Ray (13): | 0.0209 | |
| Super Trend (3,10): | 1.7971 | |
| Zig ZAG (10): | 1.8381 | |
| VORTEX (21): | 1.1865 | |
| Stochastique (14,3,5): | 86.02 | |
| TEMA (21): | 1.8393 | |
| Williams %R (14): | -26.01 | |
| Chande Momentum Oscillator (20): | 0.0258 | |
| Repulse (5,40,3): | 0.1421 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0503 | |
| Courbe Coppock: | 2.99 |
| MA7: | 1.8323 | |
| MA20: | 1.8154 | |
| MA50: | 1.8078 | |
| MA100: | 1.8093 | |
| MAexp7: | 1.8325 | |
| MAexp20: | 1.8182 | |
| MAexp50: | 1.8123 | |
| MAexp100: | 1.8240 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | +1.55% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +1.38% | |
| Price / MAexp100: | +0.73% |
Quotes :
2020-10-22 20:15:58
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Real time data
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Forex
News
The latest news and videos published on GBP/AUD at the time of the analysis were as follows:
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GBPAUD Clears 1.8500 Level
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Pound Pairs Breaking Critical Levels From GBP/USD to GBP/AUD (Quick Take Video)
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Volatility In Commodities GBP/AUD
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Risk on pressures GBPAUD
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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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