GBP/AUD - Daily - Technical analysis published on 10/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.8588 AUD
My targets
1.8164 AUD (-0.0280)
1.7684 AUD (-0.0760)
My analysis
GBP/AUD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.8588 AUD. The next support located at 1.8164 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.7684 AUD. Below this support, sellers could then target 1.7375 AUD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.4
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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 1.8444 AUD. On the day, this instrument gained +0.04% and was traded between 1.8416 AUD and 1.8460 AUD over the period. The price is currently at +0.15% from its lowest and -0.09% from its highest.1.8416
1.8460
1.8444
Here is a more detailed summary of the historical variations registered by GBP/AUD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/AUD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from 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 bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
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 | 1.7375 | 1.7684 | 1.8164 | 1.8444 | 1.8462 | 1.8588 | 1.8813 |
Change (%) | -5.80% | -4.12% | -1.52% | - | +0.10% | +0.78% | +2.00% |
Change | -0.1069 | -0.0760 | -0.0280 | - | +0.0018 | +0.0144 | +0.0369 |
Level | Major | Major | Major | - | Major | Intermediate | Minor |
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 | 1.8289 | 1.8357 | 1.8396 | 1.8464 | 1.8503 | 1.8571 | 1.8610 |
Camarilla | 1.8407 | 1.8416 | 1.8426 | 1.8436 | 1.8446 | 1.8456 | 1.8465 |
Woodie | 1.8276 | 1.8350 | 1.8383 | 1.8457 | 1.8490 | 1.8564 | 1.8597 |
Fibonacci | 1.8357 | 1.8398 | 1.8423 | 1.8464 | 1.8505 | 1.8530 | 1.8571 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8381 | 1.8488 | 1.8558 | 1.8665 | 1.8735 | 1.8842 | 1.8912 |
Camarilla | 1.8579 | 1.8596 | 1.8612 | 1.8628 | 1.8644 | 1.8661 | 1.8677 |
Woodie | 1.8363 | 1.8479 | 1.8540 | 1.8656 | 1.8717 | 1.8833 | 1.8894 |
Fibonacci | 1.8488 | 1.8556 | 1.8597 | 1.8665 | 1.8733 | 1.8774 | 1.8842 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8030 | 1.8282 | 1.8457 | 1.8709 | 1.8884 | 1.9136 | 1.9311 |
Camarilla | 1.8515 | 1.8554 | 1.8593 | 1.8632 | 1.8671 | 1.8710 | 1.8749 |
Woodie | 1.7992 | 1.8263 | 1.8419 | 1.8690 | 1.8846 | 1.9117 | 1.9273 |
Fibonacci | 1.8282 | 1.8445 | 1.8546 | 1.8709 | 1.8872 | 1.8973 | 1.9136 |
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): | 29.80 | |
MACD (12,26,9): | -0.0087 | |
Directional Movement: | -15.4781 | |
AROON (14): | -100.0000 | |
DEMA (21): | 1.8527 | |
Parabolic SAR (0,02-0,02-0,2): | 1.8633 | |
Elder Ray (13): | -0.0140 | |
Super Trend (3,10): | 1.8740 | |
Zig ZAG (10): | 1.8443 | |
VORTEX (21): | 0.8135 | |
Stochastique (14,3,5): | 8.00 | |
TEMA (21): | 1.8458 | |
Williams %R (14): | -94.87 | |
Chande Momentum Oscillator (20): | -0.0264 | |
Repulse (5,40,3): | -0.6400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0465 | |
Courbe Coppock: | 2.95 |
MA7: | 1.8520 | |
MA20: | 1.8668 | |
MA50: | 1.8774 | |
MA100: | 1.8645 | |
MAexp7: | 1.8512 | |
MAexp20: | 1.8626 | |
MAexp50: | 1.8686 | |
MAexp100: | 1.8605 | |
Price / MA7: | -0.41% | |
Price / MA20: | -1.20% | |
Price / MA50: | -1.76% | |
Price / MA100: | -1.08% | |
Price / MAexp7: | -0.37% | |
Price / MAexp20: | -0.98% | |
Price / MAexp50: | -1.30% | |
Price / MAexp100: | -0.87% |
Quotes :
-
Real time data
-
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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