GBP/AUD
GBP AUD
- AUD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPAUD
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GBP/AUD - 1H - Technical analysis published on 08/17/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.8899 AUD
My targets
1.8990 AUD (+0.0049)
1.9057 AUD (+0.0116)
My analysis
The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 1.8899 AUD, you could try to benefit from the boom. The first bullish objective is located at 1.8990 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9057 AUD as an objective. Crossing it would then enable buyers to target 1.9454 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
9.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/AUD rating 1.8941 AUD. On the day, this instrument gained +0.44% and was between 1.8856 AUD and 1.8953 AUD. This implies that the price is at +0.45% from its lowest and at -0.06% from its highest.

1.8856
1.8953
1.8941

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/AUD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 1.8866 1.8899 1.8932 1.8941 1.8990 1.9454 1.9744
Change (%) -0.40% -0.22% -0.05% - +0.26% +2.71% +4.24%
Change -0.0075 -0.0042 -0.0009 - +0.0049 +0.0513 +0.0803
Level Major Minor Intermediate - Major Minor Minor



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
Standard1.86451.87171.87881.88601.89311.90031.9074
Camarilla1.88201.88331.88461.88591.88721.88851.8898
Woodie1.86451.87171.87881.88601.89311.90031.9074
Fibonacci1.87171.87721.88051.88601.89151.89481.9003


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.85951.86821.87491.88361.89031.89901.9057
Camarilla1.87741.87881.88021.88161.88301.88441.8858
Woodie1.85851.86771.87391.88311.88931.89851.9047
Fibonacci1.86821.87411.87771.88361.88951.89311.8990


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.77511.80041.84681.87211.91851.94381.9902
Camarilla1.87361.88021.88671.89331.89991.90651.9130
Woodie1.78581.80571.85751.87741.92921.94912.0009
Fibonacci1.80041.82781.84471.87211.89951.91641.9438

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): 69.10
MACD (12,26,9): 0.0018
Directional Movement: 23.0680
AROON (14): 78.5714
DEMA (21): 1.8917
Parabolic SAR (0,02-0,02-0,2): 1.8865
Elder Ray (13): 0.0031
Super Trend (3,10): 1.8865
Zig ZAG (10): 1.8947
VORTEX (21): 1.0907
Stochastique (14,3,5): 87.70
TEMA (21): 1.8925
Williams %R (14): -7.14
Chande Momentum Oscillator (20): 0.0086
Repulse (5,40,3): 0.2294
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.41
MA7: 1.8854
MA20: 1.8818
MA50: 1.8592
MA100: 1.8342
MAexp7: 1.8920
MAexp20: 1.8895
MAexp50: 1.8870
MAexp100: 1.8855
Price / MA7: +0.46%
Price / MA20: +0.65%
Price / MA50: +1.88%
Price / MA100: +3.27%
Price / MAexp7: +0.12%
Price / MAexp20: +0.25%
Price / MAexp50: +0.38%
Price / MAexp100: +0.46%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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