GBP/AUD - 1H - Technical analysis published on 03/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.7983 AUD
My targets
1.8043 AUD (+0.0021)
1.8072 AUD (+0.0050)
My analysis
The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 1.7983 AUD, you could try to benefit from the boom. The first bullish objective is located at 1.8043 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.8072 AUD as an objective. Crossing it would then enable buyers to target 1.8114 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 rating is 1.8022 AUD. On the day, this instrument gained +0.42% with the lowest point at 1.7946 AUD and the highest point at 1.8023 AUD. The deviation from the price is +0.42% for the low point and -0.01% for the high point.1.7946
1.8023
1.8022
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/AUD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.7939 | 1.7983 | 1.8015 | 1.8022 | 1.8043 | 1.8072 | 1.8114 |
| Change (%) | -0.46% | -0.22% | -0.04% | - | +0.12% | +0.28% | +0.51% |
| Change | -0.0083 | -0.0039 | -0.0007 | - | +0.0021 | +0.0050 | +0.0092 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7817 | 1.7845 | 1.7896 | 1.7924 | 1.7975 | 1.8003 | 1.8054 |
| Camarilla | 1.7925 | 1.7933 | 1.7940 | 1.7947 | 1.7954 | 1.7962 | 1.7969 |
| Woodie | 1.7829 | 1.7851 | 1.7908 | 1.7930 | 1.7987 | 1.8009 | 1.8066 |
| Fibonacci | 1.7845 | 1.7875 | 1.7894 | 1.7924 | 1.7954 | 1.7973 | 1.8003 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7651 | 1.7779 | 1.7859 | 1.7987 | 1.8067 | 1.8195 | 1.8275 |
| Camarilla | 1.7883 | 1.7902 | 1.7921 | 1.7940 | 1.7959 | 1.7978 | 1.7997 |
| Woodie | 1.7628 | 1.7767 | 1.7836 | 1.7975 | 1.8044 | 1.8183 | 1.8252 |
| Fibonacci | 1.7779 | 1.7858 | 1.7907 | 1.7987 | 1.8066 | 1.8115 | 1.8195 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7382 | 1.7536 | 1.7805 | 1.7959 | 1.8228 | 1.8382 | 1.8651 |
| Camarilla | 1.7959 | 1.7998 | 1.8036 | 1.8075 | 1.8114 | 1.8153 | 1.8191 |
| Woodie | 1.7441 | 1.7565 | 1.7864 | 1.7988 | 1.8287 | 1.8411 | 1.8710 |
| Fibonacci | 1.7536 | 1.7697 | 1.7797 | 1.7959 | 1.8120 | 1.8220 | 1.8382 |
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): | 66.96 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 7.3212 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.8008 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7973 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.7943 | |
| Zig ZAG (10): | 1.8017 | |
| VORTEX (21): | 1.1652 | |
| Stochastique (14,3,5): | 81.33 | |
| TEMA (21): | 1.8020 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 0.0054 | |
| Repulse (5,40,3): | 0.1204 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0146 | |
| Courbe Coppock: | 0.59 |
| MA7: | 1.7975 | |
| MA20: | 1.7932 | |
| MA50: | 1.7834 | |
| MA100: | 1.7917 | |
| MAexp7: | 1.8005 | |
| MAexp20: | 1.7984 | |
| MAexp50: | 1.7963 | |
| MAexp100: | 1.7962 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.05% | |
| Price / MA100: | +0.59% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.33% |
Quotes :
2021-03-17 16:36:39
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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:
-
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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