GBP/AUD - 1H - Technical analysis published on 02/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.7938 AUD
My targets
1.8008 AUD (+0.0033)
1.8148 AUD (+0.0173)
My analysis
The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 1.7938 AUD, you could try to benefit from the boom. The first bullish objective is located at 1.8008 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.8148 AUD as an objective. Crossing it would then enable buyers to target 1.8274 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, 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
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD price is 1.7975 AUD. The price registered an increase of +0.34% on the session with the lowest point at 1.7877 AUD and the highest point at 1.7981 AUD. The deviation from the price is +0.55% for the low point and -0.03% for the high point.1.7877
1.7981
1.7975
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this GBP/AUD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7834 | 1.7938 | 1.7971 | 1.7975 | 1.8008 | 1.8274 | 1.8480 |
| Change (%) | -0.78% | -0.21% | -0.02% | - | +0.18% | +1.66% | +2.81% |
| Change | -0.0141 | -0.0037 | -0.0004 | - | +0.0033 | +0.0299 | +0.0505 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7746 | 1.7817 | 1.7866 | 1.7937 | 1.7986 | 1.8057 | 1.8106 |
| Camarilla | 1.7882 | 1.7893 | 1.7904 | 1.7915 | 1.7926 | 1.7937 | 1.7948 |
| Woodie | 1.7735 | 1.7812 | 1.7855 | 1.7932 | 1.7975 | 1.8052 | 1.8095 |
| Fibonacci | 1.7817 | 1.7863 | 1.7891 | 1.7937 | 1.7983 | 1.8011 | 1.8057 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7470 | 1.7578 | 1.7755 | 1.7863 | 1.8040 | 1.8148 | 1.8325 |
| Camarilla | 1.7854 | 1.7880 | 1.7906 | 1.7932 | 1.7958 | 1.7984 | 1.8010 |
| Woodie | 1.7505 | 1.7595 | 1.7790 | 1.7880 | 1.8075 | 1.8165 | 1.8360 |
| Fibonacci | 1.7578 | 1.7687 | 1.7754 | 1.7863 | 1.7972 | 1.8039 | 1.8148 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7020 | 1.7218 | 1.7575 | 1.7773 | 1.8130 | 1.8328 | 1.8685 |
| Camarilla | 1.7779 | 1.7830 | 1.7881 | 1.7932 | 1.7983 | 1.8034 | 1.8085 |
| Woodie | 1.7100 | 1.7258 | 1.7655 | 1.7813 | 1.8210 | 1.8368 | 1.8765 |
| Fibonacci | 1.7218 | 1.7430 | 1.7561 | 1.7773 | 1.7985 | 1.8116 | 1.8328 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.07 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 5.0954 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.7937 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7886 | |
| Elder Ray (13): | 0.0032 | |
| Super Trend (3,10): | 1.7886 | |
| Zig ZAG (10): | 1.7972 | |
| VORTEX (21): | 1.0017 | |
| Stochastique (14,3,5): | 88.12 | |
| TEMA (21): | 1.7939 | |
| Williams %R (14): | -0.98 | |
| Chande Momentum Oscillator (20): | 0.0088 | |
| Repulse (5,40,3): | 0.2692 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.7861 | |
| MA20: | 1.7689 | |
| MA50: | 1.7810 | |
| MA100: | 1.7961 | |
| MAexp7: | 1.7943 | |
| MAexp20: | 1.7935 | |
| MAexp50: | 1.7926 | |
| MAexp100: | 1.7892 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +0.93% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.46% |
Quotes :
2021-02-02 07:32:20
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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:
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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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